Debevoise Advised Rothesay in £4.8 Billion Longevity Swaps

Debevoise & Plimpton LLP Advised Rothesay in £4.8 Billion Longevity Swaps

Debevoise & Plimpton LLP has advised Rothesay Life PLC (“Rothesay”) in three longevity swap transactions worth £4.8 billion with Lloyds Banking Group Pension Trustees.

The deals cover £3.1 billion of liabilities in the Lloyds Bank Pension Scheme No. 1, £700 million in the Lloyds Bank Pension Scheme No. 2, and £1 billion in the HBOS Final Salary Pension Scheme.

The Debevoise & Plimpton LLP team was led by Rothesay Rosamund Wood (Counsel), and included Hugo Laing (Partner), and Laura Jackson (Associate).

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