Rothesay: £160m full scheme buy-in secured for Repsol Sinopec

3 May 2023

Rothesay publishes on its website:

We are pleased to announce that we have completed a £160m full scheme buy-in with the Repsol Sinopec Pension and Life Scheme, securing the benefits for all members of the scheme which includes defined benefit liabilities for 141 pensioners and dependants and a further 306 deferred members.

The buy-in was completed under an accelerated process that allowed the trustee to transact quickly to secure the scheme’s benefits.

Source: Rothesay