Morrisons completes £762m buy-in with Rothesay

Transaction secures the benefits of more than 8,000 members

Martin Richmond
clock • 2 min read
Morrisons completes £762m buy-in with Rothesay

The 1967 Section of the Morrisons Retirement Saver Plan has completed a £762m buy-in with Rothesay.

The bulk purchase annuity transaction for the scheme, sponsored by Wm Morrisons Supermarkets, secures the benefits for 2,650 pensioners and dependents alongside 5,483 deferred members of the scheme...

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