Institutional Insights

S3 E3 - The history of Legal & General‘s PRT business


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Legal & General Retirement Institutional is the UK’s market-leading bulk annuity provider, with over 30 years’ experience, it has insured over 3,500 pension schemes and currently looks after over half a million pension policyholders.

It all started in 1986, when senior management created two new business units. One was Group Risk; the other was Bulk Purchase Annuities (BPA). In this episode, we're joined by Dave Poulton, Chief Customer Officer at LGRI and welcome back retired senior actuary Dennis Canham, who was given BPA to “see what he could make of it”, as they discuss how our PRT business has developed throughout the years to what it is today.

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