Rothesay has launched Rothesay Radius, a dedicated proposition for pension scheme transactions between £10m and £100m.

The insurer said the offering has been designed around the needs of trustees, advisers and members, providing a direct route to obtain a guaranteed quote without exclusivity requirements. The launch follows growth in the sub-£100m pension scheme de-risking market, with annual transaction volumes rising from £2.8bn in 2021 to £7.2bn in 2025. Rothesay noted that the proportion of schemes below £100m in the defined benefit market also increased from 72 per cent to 80 per cent by number over the same period. Rothesay business development, Simon Bramwell, commented: “Rothesay continuously invests in our technology and capabilities to drive innovation in the market, delivering security for our policyholders and execution certainty for trustees. The launch of Radius further supports this mission, protecting smaller pension schemes and their members through a dedicated offering while supporting our growth in a rapidly evolving and exciting part of the bulk purchase annuity market.”

Vidett has joined the Trustee Accelerator Programme (TAP) as a supporter.

Run by the Pensions Management Institute (PMI), TAP is a fully funded, two-year programme designed to equip professionals from outside the traditional pensions sector with the skills, confidence and practical exposure needed to contribute to trustee boards. The programme combines structured learning, mentoring and board shadowing, with a focus on individuals with transferable skills in areas such as finance, risk, HR, technology and governance. Vidett will support the next cohort by providing five experienced trustees to act as mentors, offering participants direct insight into how trustee boards operate in practice. The firm will also work with TAP on a mid-programme conference to help participants deepen their understanding of governance and trustee careers. PMI chief customer officer, Varsha Gicas, said: “We are delighted to welcome Vidett as a supporter of the Trustee Accelerator Programme. Their involvement will provide invaluable access to experienced professional trustees, enabling trainees to gain first-hand insight into board dynamics, governance, and the realities of trusteeship. Vidett trustee oversight board chair and training lead, Julia Yates, added: “The alignment between our approach to bringing new talent into the industry with the PMI’s TAP programme is clear, and we’re keen to support this important initiative.”

Lothian Pension Fund (LPF) has reported assets under management of more than £11.1bn in its unaudited annual report and accounts for 2025/26.

The fund, Scotland’s second-largest Local Government Pension Scheme, now serves around 90,850 members. LPF achieved an overall investment return of 8.7 per cent over the year, with three and five-year annualised returns of 5.5 per cent. During 2025/26, the fund paid £272m in pensions to 39,000 members and welcomed 5,153 new members. It also delivered 58,389 benefit statements and achieved a member satisfaction score of 95.5 per cent, alongside an upgraded digital experience for members managing their pension benefits. LPF chief executive officer, David Vallery, said: “2025/26 was another standout year for Lothian Pension Fund. I’m proud of the recognition we received across the sector, but even prouder of what it represents: the dedication and expertise our colleagues bring to serving members and employers every day."

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