Pensions

Rothesay Life signs second multi-billion deal in two days

Pensions insurance group’s assets climb to more than £50bn, but it faces a court appeal on one of its key deals

Rothesay Life signs second multi-billion deal in two days
Photo: Getty Images

Rothesay Life has signed a £3.8bn transaction to insure the Allied Domecq pension fund – its second blockbuster deal in just two days.

The UK insurance group, set up by Goldman Sachs 12 years ago, also said it has agreed to raise a further £200m from its shareholders to support further deals, on top of £500m the company raised earlier this month.

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