Legal & General Retirement America

A division of the UK-based financial services group Legal & General Group Plc, Legal & General Retirement America (LGRA) specializes in Pension Risk Transfer (PRT) for U.S. companies. LGRA helps companies de-risk their defined benefit pension plans by taking on the responsibility for paying retiree benefits, typically through a group annuity contract. This secures the pensions of thousands of American retirees while removing long-term financial volatility from corporate balance sheets. The company began its U.S. PRT business in 2015 and has since become a major player in the market.