26 September 2019

Rothesay Life in landmark settlement with telent pension scheme

 telent and the Trustees of the GEC 1972 Plan have announced a pension scheme buy-out with Rothesay Life.

Transaction highlights:

  • Largest full scheme buy-out ever undertaken in the UK with £4.7billion of Scheme assets and liabilities transferring to Rothesay Life
  • Agreement provides enhanced security for 39,000 members whilst protecting all their existing terms and benefits
  • Rothesay Life now has assets under management of over £46bn and insures the pensions of over 800,000 individuals

For the full press release click here

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