Rothesay/Prudential transfer to go to appeal

In the week that the Court published its agreement to one Part VII transfer involving it, Rothesay Life has announced the Court of Appeal hearing against the court decision to decline to sanction the Part VII transfer of a portfolio of £12 bn of annuities following Rothesay entering into a reinsurance transaction with Prudential Assurance.

The hearing is expected to last 3 days from 27 October, and a decision is expected later in the year or in early 2021.