what-we-offer

What We Offer

A secure retirement for our annuitants.

What is Pension Risk Transfer (PRT)?

Pension Risk Transfer is a transaction that allows a defined benefit plan sponsor to mitigate risk and improve benefit security for plan members by transferring all or a portion of the plan to an insurance company. PRT is especially beneficial in helping plan sponsors manage market volatility and changing economic conditions. 

PRT transactions enable companies to focus on what they do best - run their business and serve their customers. These transactions help simplify a company’s administrative processes, streamline backend operations and ensure a greater level of oversight and transparency in managing pension obligations.

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Interested in learning more about the PRT market and our industry insights?

Check out our Knowledge Center for more information

What sets LGRA apart

  •  Global presence

Our parent company, Legal & General Group ("Group"), is a financially strong UK-listed FTSE 100 group, established in 1836. The Group is one of the world’s largest insurance and investment management groups and looks after the financial security of millions of customers worldwide.

Legal & General is a specialist in the PRT market with a global PRT portfolio of $101 billion and over 30 years of experience. We are uniquely positioned to write global PRT business and completed our first global transaction across the US and UK in 2020. 

  •  Service excellence

Customer service is core to us. Our approach to client service and PRT administration has been continuously refined for nearly four decades spanning over one million annuitants.

All administrative functions are performed in-house within the US, which allows us to be nimble and highly responsive to the unique needs of our clients. As of 6/30/20, we had an average call center rating was 4.95 out of 5 stars and an NPS score of 75.

  •  Partnership oriented

We pride ourselves on our willingness and ability to offer solutions that best meet the unique needs of our clients and are happy to consider any requests or suggestions.

We partner with the sponsor and intermediary each step of the way; from the RFP process through implementation and into annuitant servicing.

  •  US experience

We have successfully brought our integrated asset management strength, longevity expertise and a track record of effective execution to the US. 

2015

entered the US PRT market

59

deals written as of 6/30/2020

$3.9 billion

total premium written as of 6/30/2020

Products We Offer

We offer customized solutions to meet the needs of our pension clients.

Our capabilities include:

    • Pension buyouts and buy-ins
    • Retiree and deferred participants, including full plan terminations and complex plan provisions
    • General Account and Separate Account offerings

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We are happy to answer any questions you have about PRT and our solutions available to you. 

 

Get in touch

Read Legal & General Group CEO Nigel Wilson's article in CFO.com on the different types of Pension Risk Transfer transactions.

 

Read here