3rd Mar 2016 09:53
LONDON (Alliance News) - Legal & General Group PLC on Thursday said it has been chosen as pension provider to more than 200,000 employees of supermarket Tesco PLC.
Tesco appointed Legal & General as its defined contribution bundled provider.
"We are delighted to have been appointed as defined contribution provider to Tesco - and have successfully enrolled over 200,000 of its colleagues into the Tesco retirement savings plan," Emma Douglas, head of defined contribution at Legal & General Investment Management, said.
Shares in Legal & General Group were up 0.1% at 236.80 pence on Thursday morning.
By Samuel Agini; [email protected]; @samuelagini
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