Rothesay agrees £236m full scheme buy-in for Signet Group Limited
Rothesay is pleased to announce it has agreed a full buy-in of the Signet Group Pension Scheme ("the Scheme") for Signet Group Limited, which operates Ernest Jones and H. Samuel jewellery businesses.
As a full scheme buy-in, the transaction secures the defined benefit liabilities for the entire Scheme, including 825 deferred members and 1,084 pensioners in payment, who will become direct policyholders with Rothesay on completion of the intended buy-out of the Scheme in due course.