Exclusive: Post Office completes £450m buy-in with Rothesay Life

James Phillips
clock • 4 min read

Post Office has agreed a £450m bulk annuity for its section of the Royal Mail Pension Plan, insuring all 5,700 members with Rothesay Life.

The deal, transacted in Q3 last year, largely covers deferred members and includes all benefits accrued since 2012, when pre-privatisation benefits were taken over by the government. The scheme ...

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

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Risk Reduction

Cognitronics scheme completes £1.7m buy-in with Aviva

Cognitronics scheme completes £1.7m buy-in with Aviva

Risk reduction transaction secures the benefits for eight deferred members

Martin Richmond
clock 01 October 2026 • 2 min read
Competition drove BPA deals to £10.2bn in H1

Competition drove BPA deals to £10.2bn in H1

Strong pipeline of larger deals expected for H2 as insurers compete on non-price factors

Alex Levy
clock 30 September 2026 • 2 min read
UPDATED - Clara announces £135m superfund deal with Arco pension scheme

UPDATED - Clara announces £135m superfund deal with Arco pension scheme

Deal is Clara’s seventh with 2-3 more expected this year

Jonathan Stapleton
clock 29 September 2026 • 3 min read
Trustpilot