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...

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Martin Richmond
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