Legal & General completes record-breaking £4.6bn partial buyout with Rolls-Royce

James Phillips
clock • 3 min read

The Rolls-Royce UK Pension Fund (RRPF) has insured benefits for around 33,000 pensioners in a record-breaking buyout with Legal & General (L&G).

The deal is in excess of £4.6bn, the largest buyout ever conducted in the UK, vastly surpassing the £2.5bn transaction completed between L&G and automotive firm TRW in November 2014. As part of ...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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