Rothesay Life agrees £4.7bn buyout of GEC scheme; Biggest ever deal smashes 2018 volumes

James Phillips
clock • 4 min read

Rothesay Life has agreed the UK’s largest ever bulk annuity deal to date – a £4.7bn buyout of the GEC 1972 Plan, making 2019 officially a record-breaking year.

The transaction, announced today (26 September), insures benefits for 39,000 members, split roughly between 70% pensioner members and 30% deferred members. However, while there is an agreement f...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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