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BP Pension Fund has completed a $2.2 billion buy-in with Legal and General Assurance Society, marking its first pension risk transfer deal.
Sep 01, 2026•4 days ago
LondonOil And GasFinancial Servicesoil & energyDescription
BP Pension Fund, based in London, has successfully completed a £1.6 billion ($2.2 billion) buy-in with Legal and General Assurance Society. This transaction marks the first pension risk transfer deal for the plan, which has assets of about £18 billion. The deal represents a significant step in managing pension liabilities. It underscores the growing interest in pension risk transfer solutions within the financial industry.
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