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Rothesay

Pension de-risking and bulk annuities provider

Overview

Rothesay provides pension risk transfer in the UK defined-benefit market. It buys pension liabilities (bulk annuities) and takes over future pension payments, earning premiums from schemes. It then invests these premiums in a low-risk, long-duration asset portfolio to meet obligations. Its goal is to deliver secure, predictable pension risk transfer and stable returns for investors by liability management and risk transfer.

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About Rothesay

Simplify's Rating
Why Rothesay is rated
B
Rated A on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & AnalyticsFinancial Services

Company Size

501-1,000

Company Stage

Private

Total Funding

$1.2B

Headquarters

London, United Kingdom

Founded

2007

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What believers are saying

  • H1 2026 assets under management rose to £74.3bn, despite heavy new business.
  • Rothesay's June 2026 SCR coverage stayed strong at 235%, supporting capacity.
  • Bakkavor's £160m buy-in and Nest's mandate show a full pipeline beyond mega-deals.

What critics are saying

  • PRA's funded reinsurance consultation threatens capital efficiency and squeezes returns by 2027.
  • Competition from L&G, PIC, Athora, and Brookfield is compressing margins and volumes.
  • A severe claims, regulatory, or balance-sheet shock could freeze new business and trigger solvency stress.

What makes Rothesay unique

  • Rothesay dominates UK pension risk transfer, leading H1 2026 by value at £2.8bn.
  • It closed the £6 billion Scottish Widows portfolio, proving scale and execution.
  • Nest chose Rothesay in January 2026 to co-design Britain's first bulk deferred annuity.

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Funding

Total Funding

$1.2B

Above

Industry Average

Funded Over

3 Rounds

Secondary funding comparison data is currently unavailable. We're working to provide this information soon!
Secondary Funding Comparison Coming Soon

Benefits

  • Wellness Program
  • Mental Health Support
  • Flexible Work Hours
  • Hybrid Work Options
  • Phone/Internet Stipend
  • Home Office Stipend
  • Professional Development Budget
  • Conference Attendance Budget
  • Stock Options
  • Company Equity
  • 401(k) Retirement Plan
  • 401(k) Company Match

Growth & Insights and Company News

6 month growth

0%

1 year growth

0%

2 year growth

0%
Sting
Dec 7th, 2025
Press Releases | Sequencing Company Single Technologies Raises $6.1M

Single Technologies has raised €5 million ($6.1 million) through an oversubscribed share offering, which it will use to accelerate development of its 3D sequencing platform.

PR Newswire
Oct 4th, 2024
Top Tier Impact Drives Nature Investments With Corporate Leaders At Ny Climate Week

NEW YORK, Oct. 4, 2024 /PRNewswire/ -- As global climate challenges grow, Top Tier Impact (TTI) convened two exclusive roundtables during NY Climate Week 2024, bringing together leading investors, corporates, innovators, and environmental experts to discuss urgent action on climate change and the need for increased investment in nature and biodiversity.The events, held on September 23rd and September 26th, provided a platform for industry leaders to share innovative approaches towards net-zero and expanding nature-based investments—two critical pillars of sustainability. Top Tier Impact Drives Nature Investments with Corporate Leaders at NY Climate Week. Top Tier Impact Drives Nature Investments with Corporate Leaders at NY Climate WeekCorporate Transition: Insetting and Offsetting  The first roundtable, moderated by Humberto Juarez Rocha, Carbon and Biodiversity Editor at OPIS and Alessa Berg, Founder and CEO at Top Tier Impact, focused on how companies can implement insetting (reducing emissions within their supply chains) and offsetting (investing in external carbon reduction projects). The following industry experts offered insights into how they are navigating decarbonization challenges: Sebastien Douieb, Senior Investment Office, Real Assets, New York State Common Retirement Fund; Jerome Rouphael, Commodities Institutional Sales Structuring at JP Morgan; Kristina Anguelova, Senior Advisor on Sustainable Banking at WWF; Robert Allard, Co-Founder at MaxSum Environmental and prev. Chief Investment Officer at Rothesay Asset Management

FF News
Mar 13th, 2024
Rothesay Acquires £6 Billion Scottish Widows Bulk Annuity Portfolio From Lloyds Banking Group

Rothesay, the UK’s largest pensions insurance specialist, today announces that it has agreed to acquire the c.£6 billion Scottish Widows in-force bulk annuity portfolio from Lloyds Banking Group. The business to be transferred covers the pension benefits of c.42,000 people.The transaction is in line with Lloyds Banking Group’s strategy of building a customer-focused digital leader and integrated financial services provider. It will enable Lloyds to focus on growing strategically important lines of business such as insurance, investments, retirement and pensions, through direct and intermediary channels.The acquisition of the Scottish Widows portfolio represents Rothesay’s sixth acquisition of in-force annuities, further demonstrating the strength of its capabilities in this part of the pension risk transfer market.Rothesay has over £60 billion in assets under management and pays out, on average, £2.5 billion in pension payments each year. It was purpose-built to secure the future for its policyholders and is trusted by the pension schemes of some of the UK’s best-known companies to provide pension risk transfer solutions along with award-winning levels of customer service.The transaction, which is subject to regulatory approval, is initially structured as a reinsurance agreement for the in-force bulk annuity portfolio, with a Part VII process to follow next year.Policies will continue to be serviced by Scottish Widows until the effective date of the Part VII transfer at which point they will begin to receive benefits in the normal way from Rothesay. Policyholders do not need to take any action.The overall financial impact of this sale on Lloyds Banking Group is not material.Tom Pearce, Chief Executive Officer at Rothesay, said: “I am delighted that Lloyds Banking Group has chosen Rothesay as the long-term home for its bulk annuity business and look forward to welcoming our new policyholders from Scottish Widows. Rothesay’s substantial capital resources combined with the proven strength of our execution capabilities mean we are able to deliver solutions for our clients across all areas of the pension de-risking market

Business Wire
Jan 10th, 2023
Massmutual Chief Investment Officer Tim Corbett To Retire After 12 Years With The Company; Eric Partlan Named Successor | Business Wire

SPRINGFIELD, Mass.--(BUSINESS WIRE)--Massachusetts Mutual Life Insurance Company (MassMutual) today announced that Tim Corbett, chief investment officer, will retire after successfully leading the company’s investment strategy and overseeing its General Investment Account (GIA) for the past 12 years. Eric Partlan, head of portfolio management, will succeed Corbett, effective March 1, 2023.“Tim has played an important role in executing on our strategy and delivering outstanding investment results across our portfolios, helping us effectively manage long-term risk across various global market cycles and constantly changing economic conditions while providing value to our policyowners,” said Roger Crandall, MassMutual Chairman, President and CEO. “We will miss Tim’s innovative spirit and relentless focus on the culture, people and talent within the investment team and across the company.”Corbett, who has had a distinguished 40-year career in investment management, joined MassMutual in 2011 and built a leading investment management model and team. During his tenure at MassMutual, the company doubled its GIA to more than $220 billion[1] and opened the door to new investment opportunities that have benefitted the company’s policyowners and communities.Under his leadership and in partnership with MassMutual’s global institutional asset manager, Barings, the company’s portfolio grew to include a wide range of diversified investments, including private equity, renewable energy, and more. Corbett also oversaw the addition of Rothesay, the UK’s largest specialist pensions insurer, to MassMutual’s portfolio of strategic businesses and investments, as well as the launch of MassMutual Ventures, which manages more than $1 billion globally, backing more than 65 startups across the financial technology, enterprise SaaS, cybersecurity, digital health and climate technology sectors. And, most recently, MassMutual implemented a forward-thinking approach to impact investing with efforts like the MM Catalyst Fund and the First Fund Initiative, which make direct investments in Black-led businesses in Massachusetts, as well as tech businesses based outside Boston to fuel innovation across the Commonwealth, and diverse, first-time fund managers, respectively.Following Corbett’s departure, Eric Partlan will be promoted to chief investment officer and join MassMutual’s executive leadership team, reporting to Crandall.“A testament to Tim’s strong leadership is the excellent successor that he leaves us with in Eric,” added Crandall

Business Wire
Jan 10th, 2023
Massmutual Chief Investment Officer Tim Corbett To Retire After 12 Years With The Company; Eric Partlan Named Successor

SPRINGFIELD, Mass.--(BUSINESS WIRE)--Massachusetts Mutual Life Insurance Company (MassMutual) today announced that Tim Corbett, chief investment officer, will retire after successfully leading the company’s investment strategy and overseeing its General Investment Account (GIA) for the past 12 years. Eric Partlan, head of portfolio management, will succeed Corbett, effective March 1, 2023.“Tim has played an important role in executing on our strategy and delivering outstanding investment results across our portfolios, helping us effectively manage long-term risk across various global market cycles and constantly changing economic conditions while providing value to our policyowners,” said Roger Crandall, MassMutual Chairman, President and CEO. “We will miss Tim’s innovative spirit and relentless focus on the culture, people and talent within the investment team and across the company.”Corbett, who has had a distinguished 40-year career in investment management, joined MassMutual in 2011 and built a leading investment management model and team. During his tenure at MassMutual, the company doubled its GIA to more than $220 billion[1] and opened the door to new investment opportunities that have benefitted the company’s policyowners and communities.Under his leadership and in partnership with MassMutual’s global institutional asset manager, Barings, the company’s portfolio grew to include a wide range of diversified investments, including private equity, renewable energy, and more. Corbett also oversaw the addition of Rothesay, the UK’s largest specialist pensions insurer, to MassMutual’s portfolio of strategic businesses and investments, as well as the launch of MassMutual Ventures, which manages more than $1 billion globally, backing more than 65 startups across the financial technology, enterprise SaaS, cybersecurity, digital health and climate technology sectors. And, most recently, MassMutual implemented a forward-thinking approach to impact investing with efforts like the MM Catalyst Fund and the First Fund Initiative, which make direct investments in Black-led businesses in Massachusetts, as well as tech businesses based outside Boston to fuel innovation across the Commonwealth, and diverse, first-time fund managers, respectively.Following Corbett’s departure, Eric Partlan will be promoted to chief investment officer and join MassMutual’s executive leadership team, reporting to Crandall.“A testament to Tim’s strong leadership is the excellent successor that he leaves us with in Eric,” added Crandall

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