Full scheme security provided for Shoe Zone
We are pleased to announce that we have provided full scheme security for Shoe Zone through a £34m buy-in. The buy-in insures the remaining pension liabilities for the Shoe Zone Group Pension Scheme, securing the benefits of 500+ members – 367 pensioners and dependants as well as 166 deferred members. The pension scheme is now fully insured by Rothesay following two previous transactions.
A buoyant bulk annuity market is creating significant opportunities with Rothesay currently exclusive on £5.7bn of new business.