Both deals are worth multiple billions
Rothesay Life has embarked on an ambitious pension transfer deal and a pension de-risking deal in the space of two days.
September 27, 2019 at 05:24 AM
1 minute read
Reporter
Linklaters, CMS, DLA Piper and Gowling are advising on two deals totalling £8.5 billion, being undertaken by pension insurer Rothesay Life.
Yesterday (September 26), the insurer agreed to a £4.7 billion buyout of the legacy General Electric Company (GEC) pension scheme from current scheme-holder Telent and the pension trustees.
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