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Clifford Chance advises Legal & General on its combined £785 million buy-in with three pension schemes sponsored by Anglo American

Summary by Legal Desire
Global law firm Clifford Chance has advised long-standing client Legal & General Assurance Society Limited (“L&G”) on buy-ins totalling £785 million with three pension schemes sponsored by Anglo American Services (UK) Ltd: The Tarmac UK Pension Scheme, the Tarmac ‘B’ Pension Scheme and the Anglo UK Pension Scheme (the “Schemes”). The transaction secures the benefits of over 5,100 retirees and 2,500 deferred members. Sarah McAleer, Pensions Partn…
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Clifford Chance advises Legal & General on its combined £785 million buy-in with three pension schemes sponsored by Anglo American

Global law firm Clifford Chance has advised long-standing client Legal & General Assurance Society Limited (“L&G”) on buy-ins totalling £785 million with three pension schemes sponsored by Anglo American Services (UK) Ltd: The Tarmac UK Pension Scheme, the Tarmac ‘B’ Pension Scheme and the Anglo UK Pension Scheme (the “Schemes”). The transaction secures the benefits of over 5,100 retirees and 2,500 deferred members. Sarah McAleer, Pensions Partn…

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Legal Desire broke the news in on Wednesday, April 2, 2025.
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