Sackers advises Rothesay on £160m buy-in for Bakkavor Pension Scheme

The Scheme is sponsored by Bakkavor Foods Limited, an international food manufacturing company specialising in freshly prepared foods, which was acquired by Greencore Group Plc in January 2026.

The transaction was completed in March 2026 and secures the pension benefits for all 2,216 of the Scheme’s members, comprising 1,108 members with pensions in payment and 1,108 deferred members.

Sackers provided legal advice to Rothesay. WTW acted as the lead adviser to the Trustee for the transaction, as well as Scheme Actuary, with CMS and Squire Patton Boggs providing legal advice to the Trustee. The Sponsor was advised by Isio, and Greencore by PwC and Slaughter & May.