Rothesay Life agrees £255m full buy-in with ESAB scheme

James Phillips
clock • 1 min read

The ESAB Group (UK) Limited Pension & Life Assurance Scheme has purchased a £255m full buy-in with Rothesay Life, covering benefits for all 900 members of the scheme.

The bulk annuity is expected to move out to a buyout in the future, at which point the scheme will be wound up. The transaction also includes 220 deferred members of the welding and cutting equi...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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