Rothesay has completed a £105m full scheme buy-in with the Skipton Building Society (2015) Group Pension Scheme.
The transaction, completed in January 2025, secures the benefits of all 705 scheme members which comprises 396 pensioners and dependants as well as 309 deferred members.
The scheme is sponsored by Skipton Building Society, the UK’s fourth largest building society, offering mortgages, savings and financial advice through a network of 82 branches.
Business development at Rothesay, Róisín O’Shea, commented: "We are delighted to protect the pensions of all 705 members of the scheme through this de-risking transaction. The scheme was well-prepared which enabled a quick and efficient execution to secure the future for its members.
"In a buoyant bulk purchase annuity market, Rothesay continues to demonstrate the strength of its de-risking capabilities, providing innovative solutions for our clients and award-winning customer service."
Latest News
-
Inflation growth exceeds forecasts in April
-
Annual house price growth jumps to 6.4% – ONS
-
Trio of associations outline reforms to unlock UK’s economic growth
-
Savings product choice down as average rates fall
-
Seven in 10 people don’t understand how IHT works – Schroders Personal Wealth
-
One Mortgage System partners with Nomo
Is 2025 the year of the remortgage?
An estimated 1.8 million fixed rate mortgage deals are due to expire in 2025, 400,000 more than in 2024. This surge in remortgaging presents a critical opportunity for mortgage brokers to offer essential advice and financial support to homeowners across the UK, ensuring they transition smoothly to new deals amid stabilising interest rates and heightened affordability checks.
The future of the bridging industry and the Autumn Budget
MoneyAge content editor, Dan McGrath, is joined by head of marketing at Black & White Bridging, Matt Horton, to discuss the bridging industry, the impact of the Autumn Budget and what the future holds for the sector.
The UK housing market in 2024
The performance of the UK housing market in 2024 has largely exceeded many people's expectations, although challenges remain for first-time buyers due to house prices increasing and a testing rental market for many. Regional disparities, such as the North-South divide, also continue to influence housing accessibility and affordability for many buyers in pockets of the country.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories