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

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Pension Schemes Bill announced in the King's Speech

Pension Schemes Bill announced in the King's Speech

New legislation introduced following 2024 state opening of parliament

Martin Richmond
clock 17 July 2024 • 2 min read
Pensions not expected to be immediate priority for Labour government

Pensions not expected to be immediate priority for Labour government

PP poll revels majority of industry expects new government to have more urgent priorities

Martin Richmond
clock 17 July 2024 • 2 min read
UK inflation holds steady at 2% as stubborn services prices dash rate cut hopes

UK inflation holds steady at 2% as stubborn services prices dash rate cut hopes

Remains at the BoE’s target level

clock 17 July 2024 • 1 min read
Trustpilot