Lloyds agrees to sell GBP6 billion portfolio to pension insurance specialist
- Lloyds Banking Group to sell GBP6 billion Scottish Widows bulk annuity portfolio to Rothesay
- Deal covers pension benefits of around 42,000 people
- Transaction is subject to regulatory approvals
- Structured as a reinsurance agreement
Lloyds Banking Group has agreed to sell its around 6 billion-pound Scottish Widows in-force bulk annuity portfolio to pension insurance specialist Rothesay. The deal covers the pension benefits of around 42,000 people and is structured as a reinsurance agreement. The transaction is subject to regulatory approvals.
Factuality Level: 9
Factuality Justification: The article provides a straightforward report on Lloyds Banking Group’s agreement to sell its Scottish Widows in-force bulk annuity portfolio to Rothesay. It includes relevant information about the deal, such as the financial impact, the number of people affected, and the rationale behind the sale. There are no obvious signs of bias, sensationalism, or inaccuracies in the article.
Noise Level: 3
Noise Justification: The article provides relevant information about Lloyds Banking Group selling its Scottish Widows in-force bulk annuity portfolio to Rothesay. It includes details about the deal, the number of people affected, and the rationale behind the sale. However, the article lacks in-depth analysis, accountability, and scientific rigor, which prevents it from scoring higher.
Financial Relevance: Yes
Financial Markets Impacted: Lloyds Banking Group, Rothesay
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to a financial transaction between Lloyds Banking Group and Rothesay. It does not mention any extreme events or their impact.
Public Companies: Lloyds Banking Group (LLOY.L)
Private Companies: Rothesay
Key People: Chira Barua (Scottish Widows and Lloyds’ insurance, pensions and investments Chief Executive)
Reported publicly:
www.marketwatch.com 
