Vestey completes £500m buyout of Western United scheme

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Vestey Group has offloaded the £500m Western United Group Pension Scheme after completing a third bulk annuity deal with Rothesay Life.

The latest transaction covers £280m of liabilities relating to deferred members and follows earlier buy-ins to insure pensioner benefits, also with Rothesay (PP Online, 10 April and 21 January 2013...

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