Gowling WLG advises Rothesay on a second buy-in transaction with The National Grid UK Pension Scheme

A team of pensions risk transfer experts from the firm Gowling WLG has advised Rothesay on a second buy-in transaction with The National Grid UK Pension Scheme. The buy-in policy, which follows on from a £2.8bn transaction in 2019, is in respect of Section A of the National Grid UK Pension Scheme and secures additional pensioner liabilities of approximately £800m.

Paul Feathers, Stephen Longfellow and Allie Mierins advised on this trade, which continues the firm's longstanding relationship with Rothesay.

Paul Feathers said: "We're delighted to have helped Rothesay complete another transaction, on this occasion within a relatively tight timescale that was made possible by the collaborative approach adopted by all the stakeholders and their advisors."