United Utilities Agrees on GBP1.8 Billion Pension Insurance Deal With L&G, Sky News Reports
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Dow Jones
--United Utilities has struck a pension risk transfer deal with insurer Legal & General worth 1.8 billion pounds ($2.31 billion), Sky News reports, citing unnamed sources.
--Under the agreement, the London-listed water utility will offload a large part of its pension liabilities and make future payments to pension scheme members, Sky News reports.
Full story: https://tinyurl.com/2378fajd
Write to Elena Vardon at elena.vardon@wsj.com
(END) Dow Jones Newswires
July 11, 2023 01:48 ET (05:48 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
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