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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.

  • 1st
    insurance company to be PASA Accredited for policyholder experience
  • Over one million
    pensions protected
  • £68bn+
    assets under management
  • £200m
    average monthly pension payments
  • 95%
    of policyholders surveyed in the first half of 2024 rated our service “good” or “excellent”
  • £9.5bn
    of new business in the first half of 2024

Security is our first priority

How we invest

Real-time response

How we minimise risk

One focused team

Meet our specialists

Some examples of our transactions

View all our case studies

Careers

We create prosperity and security for the future - for our people as well as our policyholders

Robust governance

Our governance process is robust and agile, to enable fast decision-making while ensuring proper conduct throughout

Our history of steady growth

  • £68bn+ assets under management

    Today

    Rothesay has over £68bn invested according to our risk-averse, safety-first principles

    We secure pensions for over one million people

  • Over one million pensions protected

    2024

    In March 2024, Rothesay announced that it had agreed to acquire Scottish Widows’ bulk annuity portfolio from Lloyds Banking Group. Rothesay now secures the pension policies of over one million people.

  • 12 schemes de-risked

    2023

    Rothesay completed de-risking transactions with twelve pension schemes during 2023, resulting in new business premiums of £12.7bn, one of its strongest years of growth to date.

  • 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 transitioning our investment portfolio to Net Zero greenhouse gas emissions by 2050 and published our first ESG report.

  • 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

  • Financial independence from Goldman Sachs

    2017

    GIC, MassMutual and Blackstone acquired Goldman Sachs’ remaining shareholding in Rothesay

  • £6.4bn portfolio purchased

    2016

    Rothesay purchased £6.4bn annuity portfolio from Aegon UK, the first substantial annuity transfer since Solvency II implementation

  • 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

  • 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

  • Pension liabilities over £10bn

    2012

    Cumulative pension liabilities passed £10bn, covering pensions of more than 150,000 individuals

  • Paternoster acquired

    2011

    Rothesay acquired the pension risk transfer specialist, Paternoster, and its £3bn bulk annuity portfolio

  • Pension risk transfer reaches £4.3bn

    2010

    By the end of 2010, Rothesay had completed pension risk transactions totalling £4.3bn

  • Largest buy-in at the time

    2009

    Rothesay insured £1.9bn of the liabilities of RSA Insurance Group’s UK pension schemes

  • Largest buy-out at the time

    2008

    Rothesay’s first transaction was a £700m buy-out of the Rank Pension Plan

  • Rothesay established

    2007

    Rothesay founded and authorised by the Financial Services Authority

  • Today
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
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