National Grid scheme completes £2.8bn buy-in with Rothesay Life

James Phillips
clock • 2 min read

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.

The £20bn scheme is the largest pension fund to have agreed a bulk annuity with any insurer, Rothesay Life said, with the transaction taking place in a record year for the market as a whole. The...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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