Morrisons completes £762m buy-in with Rothesay

Transaction secures the benefits of more than 8,000 members

Martin Richmond
clock • 2 min read
Morrisons completes £762m buy-in with Rothesay

The 1967 Section of the Morrisons Retirement Saver Plan has completed a £762m buy-in with Rothesay.

The bulk purchase annuity transaction for the scheme, sponsored by Wm Morrisons Supermarkets, secures the benefits for 2,650 pensioners and dependents alongside 5,483 deferred members of the scheme...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Reduction

Cancer Research UK scheme secures £280m buy-in with Standard Life

Cancer Research UK scheme secures £280m buy-in with Standard Life

BPA deal secures the benefits of 2,800 scheme members

Holly Roach
clock 08 May 2025 • 2 min read
OSG Ship Management scheme secures £16m buy-in with Aviva

OSG Ship Management scheme secures £16m buy-in with Aviva

Full scheme transaction insures the liabilities of 53 members

Holly Roach
clock 29 April 2025 • 1 min read
Gleaner Pension Scheme completes  £7.5m buyout with Aviva

Gleaner Pension Scheme completes £7.5m buyout with Aviva

Transaction secures benefits of all 26 deferred and 95 pensioner members

Jasmine Urquhart
clock 29 April 2025 • 2 min read
Trustpilot