History & Key Facts

Rothesay Life

2006 - 2007

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

Feb 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 scheme de-risking transactions completed, including the largest buy-in at the time.

Jan 2011

Acquistion of Paternoster with £3bn bulk annuity portfolio.

2011 - 2013

£5bn of further pension de-risking transactions completed.

Dec 2013

New investors in Rothesay Life - GIC, Blackstone and MassMutual.

May 2014

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

2014 - 2015

£5bn of further annuity de-risking, including first reinsurance transaction.

April 2016

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

August 2017

Blackstone, GIC and MassMutual acquire Goldman Sach's shareholding in Rothesay Life.

Rothesay life

  • Approximately 390,000 lives insured by Rothesay Life
  • £902 million paid by Rothesay Life to policyholders in 2015
  • Over £20 billion of assets under management, invested to support the payments to our pensioners
  • A large investor in the UK economy, with over £4.5 billion invested in the areas of transportation, infrastructure, housing and utilities 
  • Over 170 pension fund transactions processed 
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