Rothesay Life Completes £3.8B Pension Transfer

Law360, London (September 27, 2019, 5:11 PM BST) -- Rothesay Life said Friday that it has insured £3.8 billion ($4.7 billion) of pension liabilities for a former-FTSE 100 company’s retirement fund, as it announced its second multibillion-pound deal in two days.

Rothesay Life PLC said that it will cover liabilities for 27,000 members of the Allied Domecq Pension Fund. The transaction brings the total amount of assets managed by Rothesay Life to over £50 billion, the insurer said.

The fund is made up of members of Allied Domecq PLC, a former FTSE 100 beverage company that was sold to French rival Pernod Ricard in 2006. Rothesay Life said that its...

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