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Legal & General strikes first European pensions deal

Potential for pension risk transfer 'huge' and will 'play out over many decades' according to managing director at L&G Retirement

Legal & General strikes first European pensions deal

Legal & General has struck its first European pensions deal, just two months after securing its first such deal in the US, by taking on €200 million of pensions assets from Dutch insurer ASR Nederland.

The deal, in partnership with Hannover Re, comes just weeks after the European Union announced full Solvency II equivalence for Bermuda on November 26.

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