Rothesay Life to purchase £12bn annuity portfolio from Prudential plc

Rothesay Life is acquiring a £12bn annuity portfolio from Prudential, covering c.400,000 policyholders, in the largest transaction of its type in the UK.

The transaction makes Rothesay Life the UK’s largest specialist annuity insurer with over £37bn of assets under management and over 750,000 lives insured.

See the press release here.