Rothesay Life has agreed a pensions buy-in by insuring £123 million of legacy pension scheme liabilities for FTSE100 engineering company GKN.

The agreement, announced today by Rothesay, which was founded by Goldman Sachs, is the pensions insurer's first with the trustee of the GKN Group Pension Scheme and comes just over a fortnight after another significant deal - 

the acquisition of a £3 billion book of pensions

Pensions insurer’s agreement with FTSE100 engineering firm GKN comes barely a fortnight after £3 billion acquisition of pensions book from US insurer MetLife

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Rothesay strikes buy-in deal

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