L&G Takes Over Edwards Wildman's £35M UK Pension Fund

Law360, London (September 12, 2019, 2:35 PM BST) -- Insurer Legal & General has agreed to take on the liabilities and risks for £35 million ($43 million) worth of U.K. pension assets from U.S. law firm Edwards Wildman Palmer LLP.

The transaction, announced on Wednesday, will make Legal & General Group PLC, the U.K.s largest investment manager for corporate pension plans, responsible for administering the scheme and paying out to its members once the law firm offloads the assets and liabilities. Buyouts allow companies that fund pensions to pay a fixed amount to an insurer to take over a pension fund, transferring their risks by freeing themselves of any of...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Related Sections

Law Firms


Government Agencies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!