Slaughter and May advised Legal & General Assurance Society Limited (“Legal & General”) on two buy-ins totalling £4.6 billion with pension schemes sponsored by Ford Motor Company Limited. The buy-ins were completed as one combined transaction with the trustees of the Ford Hourly Paid Contributory Pension Fund and the Ford Salaried Contributory Pension Fund, which secures the benefits of over 35,000 members across the Funds.
The transaction is the largest pension risk transfer transaction announced in the UK in 2025, representing Legal & General’s second-largest buy-in by premium size of all time.
Throughout the course of the transaction, which was delivered in a short timeframe, Slaughter and May worked closely with Legal & General’s Legal and Business teams.
