Rothesay Life to acquire £860m equity release portfolio as PRA seeks higher security for asset

Victoria Tichá
clock • 1 min read

Rothesay Life has purchased an £860m portfolio of equity release loans as the Prudential Regulation Authority (PRA) is due to end its consultation on insurers' use of the asset to back business.

Rothesay Life will acquire the assets and risks associated with approximately 6,200 equity release mortgages from holding company UK Asset Resolution. The transaction is due to be completed within ...

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

Brittany Ferries scheme completes £35m buy-in with Just Group

Brittany Ferries scheme completes £35m buy-in with Just Group

Deal secures benefits of 175 pensioners and 269 deferred members

Jasmine Urquhart
clock 14 January 2026 • 2 min read
Siemens Healthineers UK scheme agrees £213m buy-in with PIC

Siemens Healthineers UK scheme agrees £213m buy-in with PIC

Transaction secures the benefits of 703 pensioners and 967 deferred members and dependants

Holly Roach
clock 13 January 2026 • 1 min read
DB funding remains steady in December, Broadstone finds

DB funding remains steady in December, Broadstone finds

Broadstone index finds both its modelled schemes made steady progress during 2025

Jasmine Urquhart
clock 08 January 2026 • 1 min read
Trustpilot