Landmark settlement with telent pension scheme
telent and the Trustees of the GEC 1972 Plan have announced a pension scheme buy-out with Rothesay Life.
- Largest full scheme buy-out ever undertaken in the UK with £4.7billion of Scheme assets and liabilities transferring to Rothesay Life
- Agreement provides enhanced security for 39,000 members whilst protecting all their existing terms and benefits
- Rothesay Life now has assets under management of over £46bn and insures the pensions of over 800,000 individuals
For the full press release click here