UBS Group has transferred £1.7 billion worth of assets from its UK pension plan to French Express Insurance for risk transfer, making it the largest such deal in the UK market this year. This £1.7 billion deal is part of the total £5.7 billion global risk transfer disclosed by L&G this year, continuing the market trend of large multinational companies divesting their UK pension liabilities.

UBS Group has transferred £1.7 billion worth of assets from its UK pension plan to French Express Insurance for risk transfer, making it the largest such deal in the UK market this year. This £1.7 billion deal is part of the total £5.7 billion global risk transfer disclosed by L&G this year, continuing the market trend of large multinational companies divesting their UK pension liabilities.