News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

L&G plucks Lucida off the shelf

The acquisition of the annuity buyout firm marks a hat-trick of deals for new chief executive Nigel Wilson who was appointed a year ago

Legal & General’s acquisition of UK annuity buyout firm Lucida, which has been up for sale since mid-2012, marks its first acquisition in retirement solutions and the third purchase since Nigel Wilson was appointed chief executive.

The firm has previously identified retirement solutions as one of its five key themes for growth.

WSJ Logo