October 8, 2018 / 6:14 AM / 8 days ago

Legal & General strikes 2.4 bln stg pension de-risking deal

LONDON, Oct 8 (Reuters) - British insurer Legal & General said on Monday it had agreed a deal to insure 2.4 billion pounds ($3.14 billion) in pension risk with the Nortel Networks UK Pension Plan.

The deal covers around 15,000 pensioner members and around 7,200 deferred members, it said in a statement.

$1 = 0.7633 pounds Reporting by Simon Jessop; editing by Jason Neely

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