4 Pensions

There were £nil contributions prepaid or outstanding at either 31 December 2014 (2013: £nil) in respect of these schemes, and there were £nil current service costs incurred in respect of these schemes for year ended 31 December 2014 (2013: £nil). The Company had £nil liability for retirement benefits at 31 December 2014 (2013: £nil).

Defined contribution plans

The Company operates the following defined contribution pension schemes in the UK:

  • Legal & General Group Personal Pension Plan (UK).
  • Legal & General Staff Stakeholder Pension Scheme (UK).

Defined benefit plans

The Company operates the following defined benefit pension schemes in the UK:

  • Legal & General Group UK Pension and Assurance Fund (the Fund). The Fund was closed to new members from January 1995; last full actuarial valuation as at 31 December 2012.
  • Legal & General Group UK Senior Pension Scheme (the Scheme). The Scheme was, with a few exceptions (principally transfers from the Fund), closed to new members from August 2000 and finally closed to new members from April 2007; last full actuarial valuation as at 31 December 2012.

In the UK, the Fund and the Scheme are multi-employer defined benefit schemes, which, as the Company’s share of the underlying assets and liabilities cannot be identified, have been treated for reporting purposes as defined contribution schemes. There was a deficit in respect of these schemes for the year ended 31 December 2014 of £394m (2013: £374m) and the contributions in respect of them for the year were £68m (2013: £60m). Further information is given in Note 27 of the group’s consolidated financial statements.