Rothesay publishes on its website:
We are delighted to have completed a £50m buy-in with the Avimo Pension Scheme, securing the benefits of 416 pensioners and 195 deferred pensioners.
The Avimo Pension Scheme is sponsored by Thales, a global high technology leader, through its UK subsidiary Thales UK Limited. This transaction follows an earlier £2.7bn full scheme buy-in with Rothesay for the Thales UK Pension Scheme in December 2023. Both the Thales UK Pension Scheme and Avimo Pension Scheme are now fully insured with Rothesay.
Simon Bramwell, Business Development at Rothesay, commented: “It was pleasing to work with the Trustee and Thales for the second time in a relatively short period and help them to secure the future for all the Scheme’s members. Within a busy bulk purchase annuity market, Rothesay continues to invest in providing innovative solutions for our clients along with enhanced levels of execution certainty.”
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