Safeway scheme bags £1.4bn buy-in deal with Rothesay

Transaction secures the benefits of more than 22,500 scheme members

Holly Roach
clock • 2 min read
By Mike Crowe, CC BY-SA 2.0, via Wikimedia https://commons.wikimedia.org/w/index.php?curid=9134604 A Safeway supermarket in Bude, Cornwall in 2005 before its conversion to the Morrisons branding
Image:

By Mike Crowe, CC BY-SA 2.0, via Wikimedia https://commons.wikimedia.org/w/index.php?curid=9134604 A Safeway supermarket in Bude, Cornwall in 2005 before its conversion to the Morrisons branding

The Safeway Pension Scheme has completed a £1.4bn buy-in deal with Rothesay, securing the benefits of more than 22,500 members.

The transaction - which secures the benefits of more than 7,200 pensioners and dependents as well as around 15,300 deferred members - means insured members' incomes are now protected from any marke...

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Holly Roach
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Holly Roach

News Editor at Professional Pensions

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