Legal & General Taps Amazon Managed Blockchain Service For Corporate Pension deals
UK insurer Legal & General is collaborating with Amazon to create a blockchain system for corporate pension deals, Reuters reported.
Legal & General is one of the UK’s largest investment managers for corporate pension schemes with more than £1 trillion in total assets under management. It is also recognized as a market leader in pensions de-risking, life insurance, workplace pensions and retirement income.
Through its partnership with Amazon, Legal & General will use Amazon Managed Blockchain Service for handling bulk annuities.