Rothesay Life has completed £3.7bn of bulk annuity transactions so far in the second half of this year, according to its latest trading update.
The Cadbury Mondelēz Pension Fund has agreed a £520m buy-in with Rothesay Life, insuring benefits for around 1,900 pensioner members.
Cadbury will stop sending Christmas hampers to retired staff citing the pension scheme's costs as the reason, even though the scheme itself does not pay for the gifts.
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