Safeway scheme bags £1.4bn buy-in deal with Rothesay

Transaction secures the benefits of more than 22,500 scheme members

Holly Roach
clock • 2 min read
By Mike Crowe, CC BY-SA 2.0, via Wikimedia https://commons.wikimedia.org/w/index.php?curid=9134604  A Safeway supermarket in Bude, Cornwall in 2005 before its conversion to the Morrisons branding
Image:

By Mike Crowe, CC BY-SA 2.0, via Wikimedia https://commons.wikimedia.org/w/index.php?curid=9134604 A Safeway supermarket in Bude, Cornwall in 2005 before its conversion to the Morrisons branding

The Safeway Pension Scheme has completed a £1.4bn buy-in deal with Rothesay, securing the benefits of more than 22,500 members.

The transaction - which secures the benefits of more than 7,200 pensioners and dependents as well as around 15,300 deferred members - means insured members' incomes are now protected from any marke...

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

Holly Roach
Author spotlight

Holly Roach

News Editor at Professional Pensions

More on Risk Reduction

L&G set to return PRT capital to shareholders as result of low strain in 2024

L&G set to return PRT capital to shareholders as result of low strain in 2024

Insurer estimated to write £8.4bn of PRT deals in 2024 as part of target of £50-65bn by 2028

Jonathan Stapleton
clock 04 December 2024 • 3 min read
Buy-in and buyout transactions reach record levels in Q3 2024

Buy-in and buyout transactions reach record levels in Q3 2024

Hymans estimates total bulk annuity volumes for the year will be between £40bn and £45bn

Martin Richmond
clock 04 December 2024 • 1 min read
Avimo Pension Scheme agrees £50m full buy-in with Rothesay

Avimo Pension Scheme agrees £50m full buy-in with Rothesay

Full scheme transaction secures the benefits of all 611 members

Holly Roach
clock 04 December 2024 • 2 min read
Trustpilot