Rothesay secures £390m bulk annuity deal with Outokumpu Stainless Ltd

December 2021

  • £390m full scheme bulk annuity contract insures the liabilities of the AvestaPolarit Pension Scheme
  • Transaction protects the pension benefits of nearly 1,000 Scheme members – 426 pensioners and 500 deferred pensions

Rothesay, the UK’s largest specialist pensions insurer, today announces that it has completed a £390m full scheme bulk annuity transaction with the AvestaPolarit Pension Scheme (the “Scheme”). This transaction completes the Scheme’s de-risking journey following an initial pensioner buy-in in 2020.

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