trending Market Intelligence /marketintelligence/en/news-insights/trending/qyqeweou-tateec7ah1xxq2 content esgSubNav
Discover more about S&P Global’s offerings
In This List

Legal & General Group closes £325M buy-in with Heathrow's pension scheme
Blog

Perspectives from China: The Shifting Regulatory Landscape

Blog

Anticipate the Unknown: Does Supply Chain Disruption Lead to Increased Credit Risk?

Blog

Data Stories: Data insights to help alleviate business complexity amid geopolitical risks

Podcast

Street Talk | Episode 90: Banks should not wait on the Fed to put cash to work


Legal & General Group closes £325M buy-in with Heathrow's pension scheme

Legal & General Group PLC has completed a £325 million buy-in with BAA Pension Scheme, the pension scheme of London's Heathrow Airport.

The transaction was accompanied by an investment in a £160 million bond issued by the airport to Legal & General Group.

KPMG, Mercer, Redington and CMS served as advisers to BAA Pension Scheme and the airport on the buy-in deal, which is an insurance policy that covers a proportion of a defined benefit pension scheme's liabilities.