L&G and Lifetri announce Dutch PRT initiative

Written by Adam Cadle

17/03/2023

L&G and Lifetri are to enter into a long-term strategic relationship under which the former will support the latter as it expands to write further Dutch pension risk transfer (PRT) business for defined benefit arrangements.

The Netherlands is in the process of adopting significant changes to its pension regime, which are expected to result in a substantial number of pension funds seeking insurance solutions in the coming years to support the transition of pension arrangements into insurance-based, capital-backed guarantees for members.

Andrew Kail, CEO of Legal & General Retirement Institutional, said: “L&G has been at the forefront of the global PRT market for a number of years now and the proposed pension reforms in The Netherlands present an exciting opportunity for us. I look forward to working with the Lifetri and Sixth Street teams to put in place a relationship that will help them provide solutions for Dutch pension schemes to secure the long-term benefits of their members.”

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