Rothesay completes £160m buy-in for Bakkavor
We are delighted to have completed a £160m buy-in for the Bakkavor Pension Scheme.
The Scheme is sponsored by Bakkavor Foods Limited, an international food manufacturing company specialising in freshly prepared foods.
The transaction, completed in March 2026, secures the pension benefits for all 2,216 of the Scheme's members, comprising 1,108 members with pensions in payment and 1,108 deferred members.
Katie Overton, Business Development at Rothesay, said: "We are delighted to secure the future for every member of the Scheme through this successful transaction, delivering on Rothesay’s purpose of providing long-term retirement certainty for the nearly one million people whose pensions we protect. The pension risk transfer market continues to be dynamic and fast-moving, which is creating an active pipeline of new business opportunities ahead.”