LONDON (Reuters) - Life insurance and pensions provider Legal & General Group Plc (>> Legal & General Group Plc) said on Wednesday it had won a 3 billion pound bulk annuity contract with the ICI Pension Fund.

L&G said the 3 billion pound premium from the transaction would increase its stock of annuity assets, which stood at 34.4 billion pounds at the end of last year.

The news comes just a week after the government announced fundamental reforms to the pensions market.

(Reporting by Kate Holton; Editing by Mark Potter)

Stocks treated in this article : AKZO NOBEL, Legal & General Group Plc