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£1.2bn buy-in secured for The Co-operative Bank

We are pleased to announce that we have completed a £1.2bn full scheme buy-in with The Bank Section of the Co-operative Pension Scheme, protecting the pension benefits of more than 9000 members. The Section is sponsored by The Co-operative Bank, the Manchester-headquartered retail and SME bank.

The buy-in is Rothesay’s eighth transaction of 2022, and we are also exclusive and in execution on more than £5bn of new business with other pension schemes.

Click here for the full press release