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  • Law and Regulation

Rothesay Life appeals High Court block on Prudential annuity transfer

Rothesay Life has lodged an appeal over its annuity deal with Prudential
Rothesay Life has lodged an appeal over its annuity deal with Prudential
  • Kim Kaveh
  • Kim Kaveh
  • 27 September 2019
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Rothesay Life has lodged an appeal against the High Court’s decision to block the £12bn transfer of Prudential’s annuity book.

The appeal - submitted today (27 September) to the Court of Appeal - will be on the basis that the judgment in the High Court "contains material errors of law", and should "therefore be reconsidered",...

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The deal was financed using UK fixed interest securities
National Grid scheme completes £2.8bn buy-in with Rothesay Life

The National Grid UK Pension Scheme has agreed a £2.8bn buy-in deal with Rothesay Life, covering the benefits of an unspecified number of pensioner members.

  • Risk Reduction
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There have now been a total of around 50 buy-in and buyout deals of over £500m announced since 2007. The full list, provided courtesy of LCP, is as follows...

  • Risk Reduction
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