Zurich sells annuity book to Rothesay Life for £1.2bn

clock

Insurer Zurich is to pass its £1.2bn legacy annuities business covering 28,000 clients to specialist Rothesay Life.

Zurich's UK Life business has initially reinsured the policies to Rothesay Life and will transfer them following regulatory approval. The provider has not actively marketed its annuity business since...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space

  • Get ahead of regulatory and technological changes affecting fund management

  • Important and breaking news stories selected by the editors delivered straight to your inbox each day

  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts

  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Pensions

Former fund manager Neil Woodford

Link invests more into Woodford stock Mafic

Fund now sits at £124.3m

clock 30 November 2021 • 1 min read
Richard Staveley is expected to act as a consultant to Harwood as the trust is wound down

Gresham House Strategic board sets out two-year managed wind-down of trust after collapse of review

B share scheme ‘fairest’ way to return capital to shareholders

clock 29 November 2021 • 2 min read
BlueBay launches ESG-focused multi-asset credit fund
ESG

BlueBay launches ESG-focused multi-asset credit fund

Managed by Raphael Robelin and Blair Reid

clock 23 November 2021 • 2 min read
Trustpilot