National Grid UK Pension Scheme takes derisking with Rothesay to £3.6bn after new £800m buy-in

The National Grid UK Pension Scheme ("the Scheme") has completed an approximately £800m buy-in transaction with Rothesay. The transaction, which follows a £2.8bn buy-in with Rothesay in 2019, takes the total level of derisked liabilities with Rothesay to £3.6bn.

Following 2019’s transaction, Rothesay put in place a monitoring process for the Scheme that allowed it to execute a buy-in for this tranche of liabilities as soon as market pricing and Scheme funding allowed.

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