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."
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