Insurer says it will remain patient to ensure new business returns are appropriate
Insurer and Railways Pension Scheme manager also set interim targets for nearer-term cuts
Rothesay wrote £7bn of bulk annuity business over the course of last year, with 12 further schemes now benefitting from the insurer’s policies.
Massachusetts Mutual Life Insurance Company and GIC have agreed to purchase a 36% shareholding in Rothesay Life as Blackstone exits the investment.