Court blocks £12bn annuity transfer from Prudential to Rothesay Life

James Phillips
clock • 2 min read

The High Court has blocked the £12bn transfer of Prudential's annuity book to Rothesay Life, citing the insurer's lack of "established reputation" and differing "capital management policies".

In a court judgment issued on Friday (16 August), Justice Snowden declined the request to approve a Part VII transfer, noting Rothesay Life was a "relatively new entrant" and "does not have the sam...

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 Industry

The Pensions Commission: Key principles for progress

The Pensions Commission: Key principles for progress

Kathryn Fleming says commission must consider three core principles to test adequacy

Kathryn Fleming
clock 12 August 2025 • 3 min read
Buzz: Will run-on become a mainstream medium-term strategy for DB schemes?

Buzz: Will run-on become a mainstream medium-term strategy for DB schemes?

DB run-on, educating savers and key pensions issue causing concern

Professional Pensions
clock 12 August 2025 • 1 min read
News Digest: Labour to raid savings of workers who die before pension age

News Digest: Labour to raid savings of workers who die before pension age

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 12 August 2025 • 1 min read
Trustpilot