Rothesay buys Scottish Widows' £6bn bulk annuity portfolio

Bulk annuity portfolio covers the benefits for approximately 42,000 members

Martin Richmond
clock • 3 min read
Rothesay buys Scottish Widows' £6bn bulk annuity portfolio

Rothesay has agreed to buy Scottish Widows’ bulk annuity portfolio from Lloyds Banking Group.

The transaction includes a portfolio worth around £6bn and covering the pensions benefits of around 42,000 people. The acquisition of Scottish Widows is set to take Rothesay's assets under manag...

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 Industry

PPF records £5.9bn increase in funding position of DB schemes

PPF records £5.9bn increase in funding position of DB schemes

PPF 7800 Index finds assets increased 0.2% and funding ratio increased to 131%

Jasmine Urquhart
clock 10 February 2026 • 3 min read
News Digest: Top bosses depart Canadian pension fund after Thames Water fiasco

News Digest: Top bosses depart Canadian pension fund after Thames Water fiasco

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 10 February 2026 • 1 min read
PMI says apprenticeships 'increasingly vital' to future capability of pension professionals

PMI says apprenticeships 'increasingly vital' to future capability of pension professionals

PMI’s Vanessa Jackson champions importance of apprenticeships in the sector

Jasmine Urquhart
clock 09 February 2026 • 1 min read
Trustpilot