Bakkavor Pension Scheme has completed a £160m (€185m) full scheme buy-in with Rothesay.
The scheme is sponsored by Bakkavor Foods, which was acquired by Greencore in January 2026. The transaction was completed in March 2026 and secures the pension benefits for all 2,216 members, comprising 1,108 members with pensions in payment and 1,108 deferred members.
WTW acted as lead adviser to the trustee and scheme actuary, with CMS and Squire Patton Boggs providing legal advice. The sponsor was advised by Isio, and Greencore by PWC and Slaughter & May. Rothesay received legal advice from Sackers.
Jane Scriven, chair of the trustee, said: “Achieving this full scheme buy-in is a significant step in the scheme’s de-risking journey and secures our members’ pensions for the future.”
Katie Overton, business development at Rothesay, added: “The pension risk transfer market continues to be dynamic and fast-moving, which is creating an active pipeline of new business opportunities ahead.”
