Vestey completes £500m buyout of Western United scheme

clock

Vestey Group has offloaded the £500m Western United Group Pension Scheme after completing a third bulk annuity deal with Rothesay Life.

The latest transaction covers £280m of liabilities relating to deferred members and follows earlier buy-ins to insure pensioner benefits, also with Rothesay (PP Online, 10 April and 21 January 2013...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Reduction

Lowman Pension Scheme completes £10m full buy-in with L&G

Lowman Pension Scheme completes £10m full buy-in with L&G

BPA transaction fully secures the benefits of all 115 members of the scheme

Martin Richmond
clock 03 June 2026 • 2 min read
Hartwells Pension Plan agrees £160m buy-in with Just Group

Hartwells Pension Plan agrees £160m buy-in with Just Group

Transaction secures the benefits of all 2,361 scheme members

Holly Roach
clock 03 June 2026 • 3 min read
Church of Scotland scheme agrees £220m buy-in with Just Group

Church of Scotland scheme agrees £220m buy-in with Just Group

Transaction secures the benefits of 2,800 pensioner members and 700 deferred members

Holly Roach
clock 28 May 2026 • 2 min read
Trustpilot