Legal & General Assurance Society (L&G) has completed two buy-ins totalling $6.12bn (£4.6bn) with pension schemes sponsored by Ford Motor Company (the Sponsor). The two buy-ins, which were completed as part of one combined transaction, comprise the Ford Hourly Paid Contributory Pension Fund and the Ford Salaried Contributory Pension Fund (the Funds). According to the company, this represents the largest pension risk transfer deal in the UK this year and one of the largest in L&G's history by premium size ...