"Legal & General Completes £4.6 Billion Pension Buy-In with Ford Motor Company"

"Slaughter and May advised Legal & General on a £4.6 billion buy-in transaction with pension schemes sponsored by Ford Motor Company, securing benefits for over 35,000 members. This marks the largest pension risk transfer in the UK for 2025 and Legal & General's second-largest buy-in ever. The transaction was completed efficiently with close collaboration between Legal & General's teams and Slaughter and May."

Slaughter and May advised Legal & General Assurance Society Limited on two buy-ins totaling £4.6 billion with pension schemes sponsored by Ford Motor Company Limited. The transaction involved the trustees of the Ford Hourly Paid Contributory Pension Fund and the Ford Salaried Contributory Pension Fund, securing benefits for over 35,000 members across the Funds. This transaction marks the largest pension risk transfer transaction announced in the UK in 2025 and represents Legal & General’s second-largest buy-in by premium size in its history. The legal team from Slaughter and May included the following lawyers: Thomas Peacock (Partner, Corporate/Insurance), Chris Sharpe (Partner, Pensions), Adam Sriskandan (Associate, Corporate/Insurance), Rachel Hunter (Associate, Pensions), David Meiklejohn (Associate, Corporate/Insurance), and James Smith (Associate, Pensions).

"Legal & General Completes £4.6 Billion Pension Buy-In with Ford Motor Company"

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