We are the UK's largest pensions insurance specialist.
We are dedicated to securing the future for every one of our policyholders. We are defined by our absolute focus on security, real-time risk management, and the meticulous approach to everything we do.
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1stinsurance company to be PASA Accredited for policyholder experience
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Over 930,000pensions protected
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£60bn+assets under management
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£200maverage monthly pension payments
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94%of policyholders surveyed in the first half of 2023 rated our service “good” or “excellent”
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£12.7bnof new business in 2023
Some examples of our transactions
Our history of steady growth
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£60bn+ assets under management
Today
Rothesay has over £60bn invested according to our risk-averse, safety-first principles
We secure pensions for over 930,000 people -
Two new Partnerships
2022
As the exclusive pension partner to the LTA, Rothesay is the title sponsor of three prestigious grass tennis tournaments which together make up the Rothesay Summer Series.
The Rothesay Foundation partnered with Iceland Foods to launch the 'Summer Cheer' campaign, providing funding of £2m to help pensioners who rely only on a State Pension. -
Rothesay launches Net Zero pathway
2021
Rothesay committed to net zero by 2050 and launched its Net Zero plan in its first ESG report.
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Rothesay valued at £5.75bn
2020
GIC & MassMutual acquired Blackstone’s shareholding in Rothesay in September 2020. The transaction valued the Group at £5.75bn.
Rothesay completed 12 buy-ins during the year and were named Risk Management Firm of the year at the 2020 European Pension Awards. -
UK's largest full buy-out
2019
Rothesay completed a full buy-out of the GEC 1972 Plan which at £4.7bn was the largest to date. Other risk transfers completed in this record year for new business include:
- £3.8bn buy-in with the Allied Domecq Pension Fund
- £3.8bn full buy-out of the Asda Group Pension Scheme
- £2.8bn buy-in with the National Grid Pension Scheme
- £255m full buy-out of ESAB Group (UK) Limited Pension & Life Assurance Scheme -
£12bn transaction
2018
Rothesay completed a £12bn transaction with Prudential, structured as reinsurance of the in-force block of annuities - the largest transaction of its type ever executed in the UK
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Financial independence from Goldman Sachs
2017
GIC, MassMutual and Blackstone acquired Goldman Sachs’ remaining shareholding in Rothesay
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£6.4bn portfolio purchased
2016
Rothesay purchased £6.4bn annuity portfolio from Aegon UK, the first substantial annuity transfer since Solvency II implementation
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Two Firsts
2015
First insurance back-book transaction through £1.2bn reinsurance for Zurich
The UK’s first CPI bond financed by Rothesay -
MetLife acquired
2014
Rothesay acquired Metlife Assurance Limited with £2.5bn bulk annuity portfolio
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Largest specialist insurer in the sector
2013
Cumulative value of all risk transfer transactions underwritten exceeded £12bn, making Rothesay the largest specialist insurer in the sector
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Pension liabilities over £10bn
2012
Cumulative pension liabilities passed £10bn, covering pensions of more than 150,000 individuals
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Paternoster acquired
2011
Rothesay acquired the pension risk transfer specialist, Paternoster, and its £3bn bulk annuity portfolio
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Pension risk transfer reaches £4.3bn
2010
By the end of 2010, Rothesay had completed pension risk transactions totalling £4.3bn
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Largest buy-in at the time
2009
Rothesay insured £1.9bn of the liabilities of RSA Insurance Group’s UK pension schemes
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Largest buy-out at the time
2008
Rothesay’s first transaction was a £700m buy-out of the Rank Pension Plan
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Rothesay established
2007
Rothesay founded and authorised by the Financial Services Authority
- Today
- 2022
- 2021
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- 2019
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