05:59 AM EDT, 10/13/2026 (MT Newswires) -- UBS Group (UBSG.SW) closed a 1.7 billion-pound-sterling pension buy-in with British insurance provider Legal & General Group (LGEN.L) to secure retirement benefits for over 7,000 members of the former's UK group pension plan. The agreement covers the UBS section of the plan, following a 900 million-pound buy-in for the Credit Suisse section in 2024, according to a Tuesday release. The transaction includes the transfer of UBS' existing longevity hedge with Swiss insurer Zurich Insurance Group (ZURN.SW) to L&G. The transaction marks the largest UK pension risk transfer announced so far in 2026.

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