Prudential agrees £1bn longevity reinsurance deal with Rothesay Life

James Phillips
clock • 1 min read

Prudential Retirement has reinsured benefits for around 22,500 pensioners, after taking on liabilities from Rothesay Life in their sixth deal together.

The deal will see Prudential take on the longevity risk for around £960m of pension liabilities for eight pension schemes. The agreement follows the two firms' first deal together in 2011, which...

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

Aon launches Future DB to streamline endgame journeys

Aon launches Future DB to streamline endgame journeys

Head of UK retirement Ben Roe says newly announced surplus flexibilities are prompting schemes to revisit endgame decisions

Jonathan Stapleton
clock 03 August 2026 • 4 min read
Hickson scheme completes £208m buy-in with Royal London

Hickson scheme completes £208m buy-in with Royal London

BPA transaction secures the benefits of more than 1,250 members of the scheme

Martin Richmond
clock 31 July 2026 • 1 min read
Aston Martin scheme and Aviva manufacture £180m full buy-in deal

Aston Martin scheme and Aviva manufacture £180m full buy-in deal

Transaction secures the benefits of 540 pensioners and 1,050 deferred members

Holly Roach
clock 29 July 2026 • 2 min read
Trustpilot