Rothesay completes buy-in with Lincolnshire Co-operative Pension Scheme

Rothesay Life plc (“Rothesay”) completes a £107 million buy-in with the Scheme, securing the benefits for approximately 2,300 members. 

Hymans Robertson acted as risk transfer advisor to the Trustees, with legal advice provided by Womble Bond Dickinson.   

The transaction was carried out with the support of the Scheme’s sponsor, Lincolnshire Co-operative Limited (the “Society”) and involved collaboration between all parties. Strong governance and project management throughout the transaction enabled effective decision making and resulted in a smooth implementation of the buy-in.  

Mahad Farooqui, Risk Transfer Specialist at Hymans Robertson, said:

“We are pleased to have supported the Trustees and Society on this important step towards securing the benefits for over 2,300 members. The collaborative approach and thorough preparation ensured a successful outcome that delivers a secure retirement for members and aligns with the Scheme’s long-term objectives.” 
 
Jim Robson, Chair of the Scheme Trustee and Trustee Director at Vidett, said:

“Completing this buy in significantly strengthens the security of pensions for the Scheme’s members. Our priority has always been to provide security and peace of mind, and this transaction delivers on that commitment. We’re grateful to the Society for its ongoing support.” 
 
Simon Bramwell, Business Development at Rothesay, said:

“We are pleased to have completed this buy-in with the Trustees, marking an important milestone for the Scheme and its members. This reflects our commitment to providing long-term financial security and high-quality service to trustees and their members.” 

Tracy Walsh, Partner at Womble Bond Dickinson, said:

“We have advised the Trustees for over 10 years, and our historic knowledge was an advantage in delivering to an ambitious timetable. It's been a privilege to work with such an engaged group of Trustees and advisers, as well as a supportive sponsor.” 

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