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Stage

Secondary Market | Alive

Valuation

$0000 

Last Raised

$2.664B | 3 yrs ago

About Rothesay Life

Rothesay Life is a leading pensions insurance specialist in the financial sector. The company's main service is to provide security for pensions, managing a large portfolio of assets and ensuring long-term financial stability for policyholders. It primarily serves the pensions industry. It is based in London, England.

Headquarters Location

Peterborough Court 133 Fleet Street

London, England, EC4A 2BB,

United Kingdom

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Latest Rothesay Life News

Co-operative Group partners with Rothesay Life for pension risk reduction

Nov 26, 2023

The Co-operative Group (Co-op) has embarked on a strategic initiative with Rothesay Life plc to reduce pension risks for its Co-op Section of the Co-operative Pension Scheme (Pace). This move comes as part of the Co-op’s continuous efforts to manage and minimize the financial risks associated with its pension commitments. Key Details of the Buy-In Transaction This collaborative effort has led to the agreement of a buy-in transaction where Pace has purchased a bulk annuity insurance policy from Rothesay Life. This policy covers all liabilities necessary to meet future pensions, ensuring greater security for members of the Co-op Section of Pace. Remarkably, this achievement was made without requiring additional contributions from Co-op, while still retaining residual assets within Pace. Impact on Co-op’s Pension Scheme The Co-op boasts a defined benefit pension net asset position. Through this transaction, a significant majority of the liabilities within this net asset position are now insured, marking a crucial step in the Co-op’s strategy of de-risking its pension exposure. The transaction will be reflected in Co-op’s year-end report and accounts for 2023. Importantly, the benefits of members of the Pace scheme remain unaffected by this transaction. Co-operative Group Enhances Pension Scheme Security with Rothesay Life Buy-In Transaction Benefits and Future Implications This move demonstrates the Co-op’s support for the Trustee’s robust stewardship and de-risking actions, which ultimately benefit current and former colleagues who are Pace members. By reducing the Co-op’s exposure to funding risks associated with defined benefit liabilities, the transaction not only fortifies the pension scheme but also strengthens the Co-op overall, to the advantage of its members.

Rothesay Life Frequently Asked Questions (FAQ)

  • Where is Rothesay Life's headquarters?

    Rothesay Life's headquarters is located at Peterborough Court, London.

  • What is Rothesay Life's latest funding round?

    Rothesay Life's latest funding round is Secondary Market.

  • Who are the investors of Rothesay Life?

    Investors of Rothesay Life include Blackstone, GIC and MassMutual Asia.

  • Who are Rothesay Life's competitors?

    Competitors of Rothesay Life include Mutual Trust Financial Group and 4 more.

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