Sackers leads Reuters program in £ 310 million pension deal

By Martin Croucher (Nov 18, 2021, 2:20 p.m. GMT) – A pension scheme for Reuters employees has been implemented at Legal & General Assurance Society Ltd. 310 million pounds (418 million US dollars) of pension obligations insured, the insurer said on Thursday.

Legal & General said the deal for the Reuters Supplementary Pension Scheme would cover all retirement savings plan liabilities and protect members from the risk of changes in their benefits due to longer-than-expected retirees or fluctuations in the investment market.

The defined benefit plan is sponsored by Refinitiv, which was part of Thomson Reuters until 2018 when US private equity firm Blackstone Group LP became a controlling …

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