Investment - Articles - Isio completes full buyin for Rockwool Pension Scheme


Isio has successfully led a £53 million full scheme buy-in transaction for ROCKWOOL Limited Pension Scheme. The transaction was led by Isio working alongside the scheme’s Professional Corporate Sole Trustee IGG, legal advisor Eversheds, and Royal London. Isio provided brokering, actuarial, administration, and investment advice to bring the deal to completion.

 Royal London is the only mutual offering in the bulk purchase annuity market. The transaction reflects its growing role since its entry in September 2024, providing tailored solutions for pension schemes. The collaborative effort ensured a smooth process and a positive outcome for the scheme and its members.

 Amanda Asante, Professional Trustee at IGG, commented: “This transaction demonstrates what can be achieved through effective collaboration. It’s reassuring to see a secure outcome delivered for our members, thanks to the combined efforts of Isio, ROCKWOOL Ltd, Royal London, and Eversheds. The dedication from all parties ensured a smooth and efficient outcome for the scheme.”

 Laura Parker, Senior Manager at Isio, said: “We are proud to have supported the Trustee with this transaction. This buy-in reflects the power of teamwork and expertise. Securing the best possible outcome for members is always our primary goal. Working closely with Royal London and Eversheds enabled us to deliver exactly that.

 Beatrice Male, BPA Origination Lead at Royal London comments: “We’re delighted to be entrusted with taking excellent care of the Trustee’s members for many years into the future. The expertise from Isio and the close collaboration from all parties involved ensured a seamless process. This buy-in demonstrates the power of partnering with a mutual brand with a long-term focus, the outcome being a smooth execution and member-focused results.”
  

Back to Index


Similar News to this Story

Aviva complete buyin for Colthorp Board Mill Pension
The Colthrop Board Mill Pension Scheme has completed a £23m buy-in with Aviva, securing the benefits of 69 deferred members and 152 pensioners. First
A rate cut on the cards and what it means for your money
The Bank of England is expected to cut interest rates next week from 4.75% to 4.5%. The market is pricing in an 84% chance of a cut next week, and the
Call for far reaching approach to modernising redress system
PIMFA has called on the Financial Conduct Authority (FCA) to be ambitious in its proposals to modernise the redress system and look beyond the iterati

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.