Pension insurer Rothesay has completed a £160m full scheme buy-in with the Bakkavor Pension Scheme.
The scheme is sponsored by Bakkavor Foods, a company specialising in freshly prepared foods, which was acquired by Greencore Group in January 2026.
The transaction was completed in March 2026 and 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, a member of the business development team at Rothesay, says: “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.”
WTW acted as the lead adviser to the trustees for the transaction, also acting as scheme actuary, with CMS and Squire Patton Boggs providing legal advice to the trustees.