Legal & General : completes £1.1 billion bulk annuity with Maersk Retirement Benefit Scheme

We are delighted to have been chosen by the Trustee as its de-risking partner and to provide long-term security for all of the Scheme's members. As one of the larger pension risk transfer transactions of 2020, today's announcement demonstrates the resilience of the market and the ability of insurers, such as
ourselves, to transact amidst a challenging economic environment.

It also allows us to continue providing wider benefits for the UK economy as we invest responsibly in crucial areas, such as affordable housing, renewable energy and transport - benefitting our cities, future generations and society as a whole.

Laura Mason, Chief Executive Officer, Legal & General Retirement Institutional