Legal & General (L&G) has announced a £35m buyout for the US owned law firm Edwards Wildman Palmer LLP’s UK pension scheme.
The scheme was an existing Legal & General client through its partnership with Legal & General Investment Management’s (LGIM) fiduciary management team.
LGIM’s fiduciary management team worked closely with the trustees to design and implement their strategy to reach their objective of buyout. Investing in LGIM’s range of buyout aware funds allowed the scheme to achieve price certainty and a cost effective, seamless asset transfer on its transition to buyout.