A London-based pension insurance specialist that protects the retirement incomes of nearly one million UK policyholders.
Rothesay describes itself as the UK's largest pensions insurance specialist. It takes on the pension promises of company pension schemes, through buy-ins and buy-outs, so that members keep receiving their pensions from a regulated insurer. It also serves financial advisers and individual policyholders. Pension insurance is a long-term business: when a company's pension scheme transfers to Rothesay, the insurer takes on the job of paying members for the rest of their lives. That is why the company talks about security first, and why its people work in careful, risk-focused teams.
Its page says it is dedicated to securing the future of every policyholder, with three priorities: security as the first priority, real-time response to risk, and one focused team. It also stresses careful governance that supports fast decisions with proper conduct, and says it wants to create prosperity and security for its people as well as policyholders. It describes robust governance as something that helps fast decisions, while keeping to proper conduct. Its three stated priorities are security as the first priority, real-time response to risk and one focused team. Rothesay says its customers include pension policyholders, scheme trustees and financial advisers, so teams deal with a variety of people.
Rothesay was founded in 2007 and was authorised by the Financial Services Authority. Its first transaction in 2008 was the buy-out of the Rank Pension Plan. It acquired Paternoster in 2011 and MetLife Assurance Limited in 2014, completed the UK's largest full buy-out at the time with the GEC 1972 Plan in 2019, and in 2024 agreed to take on Scottish Widows' bulk annuity portfolio covering over one million people.
It says it serves nearly one million policyholders. The page we read did not give a London address or employee numbers, and it linked to an offices page we could not use. Directory and company-profile results describe Rothesay as London-based, so check its offices page and annual report for details.
Roles include actuarial, investment, risk, finance, legal, operations and policyholder services teams, because insuring pensions requires careful modelling and ongoing customer care. Rothesay also appears on graduate-employer directories, but we did not research recruitment routes. Its history shows several large deals. Its 2019 GEC 1972 Plan buy-out was £4.7bn and was described as the UK's largest full buy-out at that time. In 2020, GIC and MassMutual bought the shareholding that Blackstone held, and in 2024 Rothesay agreed to take on Scottish Widows' bulk annuity portfolio from Lloyds Banking Group. Those deals mean new policyholders and new systems to manage, which creates work in operations, technology, actuarial and customer teams. The page also has a Working Here section, which is where it explains life at the company.
Website: www.rothesay.com
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