AvestaPolarit scheme agrees £390m buy-in with Rothesay

Benefits for around 1,000 members are expected to move to buyout by 2024

James Phillips
clock • 2 min read
AvestaPolarit scheme agrees £390m buy-in with Rothesay

Rothesay has agreed a £390m bulk annuity transaction covering the benefits of nearly 1,000 scheme members in the AvestaPolarit Pension Scheme.

Sponsored by Finnish stainless steel producer Outokumpu Stainless, the scheme agreed the buy-in this month ahead of a potential buyout in 2023/24. The liabilities of 436 pensioners and 500 defer...

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

Ford Motor Company secures £4.6bn buy-in with L&G

Ford Motor Company secures £4.6bn buy-in with L&G

Combined transaction secures the benefits of over 35,000 members across two pension schemes

Holly Roach
clock 27 October 2025 • 3 min read
Updated: The biggest buy-ins and buyouts since 2007

Updated: The biggest buy-ins and buyouts since 2007

Professional Pensions rounds up the largest block transfers of liabilities to insurers

Professional Pensions
clock 27 October 2025 • 1 min read
Two pension schemes secure buy-in deals worth £130m with Aviva

Two pension schemes secure buy-in deals worth £130m with Aviva

Transactions secure the benefits of 600 deferred members as well as 1,200 pensioners and dependants across the two schemes

Holly Roach
clock 22 October 2025 • 2 min read
Trustpilot