CMS, Slaughter & May Guide Deutsche Bank Pension Deal

Law360, London (February 16, 2021, 1:02 PM GMT) -- A pension scheme for employees of Deutsche Bank AG in Britain has insured £570 million ($795 million) of members' liabilities with Legal & General Assurance Society, the insurer said Tuesday.

It is the first such pension deal for the DB (UK) Pension Scheme, which will protect against the risk that members live longer than expected. L&G said the trustee has set up a contract for future insurance transactions.

The Deutsche Bank deal comes after the second biggest year on record for pension risk transfers, with an estimated £50 billion in liabilities insured in 2020.

"This transaction enables Deutsche Bank to hedge...

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!


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!