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

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

More on Risk Reduction

The birth of the buy-in: Reflections on 20 years of pension risk transfer

The birth of the buy-in: Reflections on 20 years of pension risk transfer

Clive Wellsteed reflects on how the buy-in came into being and why it has become the route of choice for many pension schemes

Clive Wellsteed
clock 15 April 2026 • 7 min read
Time taken to convert from buy-in to buyout increasing due to insurer backlog

Time taken to convert from buy-in to buyout increasing due to insurer backlog

Time taken to convert from buy-in to buyout increasing due to insurer backlog

Martin Richmond
clock 14 April 2026 • 2 min read
Graham Asset Management pension scheme agrees £1m buy-in with L&G

Graham Asset Management pension scheme agrees £1m buy-in with L&G

Transaction is the second completed using Isio’s new framework for micro schemes

Holly Roach
clock 14 April 2026 • 2 min read
Trustpilot