Rothesay publishes on its website:
We are delighted to have completed a £20m full scheme buy-in with the ABC Cinemas Limited Pension Scheme, securing the benefits of all Scheme members.
The Scheme is sponsored by ABC Cinemas Limited, which is a subsidiary of Odeon Cinemas Group, Europe’s largest cinema operator.
Simon Bramwell, Business Development at Rothesay, commented: “In a vibrant pension risk transfer market, this successful transaction continues to demonstrate that well-prepared schemes of all sizes can secure the future for their members with an insurer. Rothesay is committed to providing innovative and bespoke de-risking solutions, delivering on our purpose of protecting pensions and investing in award-winning levels of customer service.”
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