2006-2007

Rothesay Life founded and authorised by the Financial Services Authority (FSA).

February 2008

First transaction completed: £700m buy-out of the Rank Group's pension fund, the largest buy-out at the time.

2008-2010

Total of £4.3bn pension risk transfer transactions completed including the largest buy-in to date.

January 2011

Acquisition of pension risk transfer specialist, Paternoster, and it's £3bn bulk annuity portfolio.

2011-2013

A further £5bn of pension risk transfer transactions completed.

December 2013

GIC, MassMutual and Blackstone acquire a majority ownership stake in Rothesay Life.

May 2014

Acquisition of Metlife Assurance Limited with £2.5bn bulk annuity portfolio.

2014-2015

£5bn further annuity acquisitions including first acquisition of insurance back-book through £1.2bn reinsurance with Zurich.

April 2016

Rothesay purchases £6bn annuity portfolio from Aegon UK, the first substantial annuity transfer since Solvency II implementation.

December 2017

GIC, MassMutual and Blackstone acquire Goldman Sachs' remaining shareholding in Rothesay Life.

March 2018

Rothesay Life completed the largest ever acquisition of an in-force block of annuities by completing a £12bn transaction with Prudential plc. The transaction covered over 400,000 policyholders and resulted in Rothesay Life’s assets under management increasing to over £37bn.

September 2019

Rothesay Life announced that it insured the full liabilities of the G.E.C. 1972 Plan, with assets and liabilities of approximately £4.7bn in the largest ever full scheme buy-out in the UK.

September 2019

Rothesay Life’s assets hit £50bn following a £3.8bn deal with the Allied Domecq Pension Fund.

October 2019

Rothesay Life announced a £3.8bn buy-out with Asda, Walmart and the Trustee of the Asda Group Pension Scheme and announced a £2.8bn buy-in transaction with The National Grid UK Pension Scheme.

Over £50bn assets under management invested cautiously across diverse sectors.

Today

  • Third largest annuity provider in the UK
  • Over 800,000 underlying policyholders/customers
  • Best customer service standards across the industry
    (as measured by complaints ratio)
  • Over £2.5bn of pensions paid every year

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