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...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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