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 ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Risk Reduction

ROM scheme secures £23m full buy-in with Just Group

ROM scheme secures £23m full buy-in with Just Group

Transaction secures the benefits of 124 deferred members and 125 pensioners

Holly Roach
clock 13 August 2025 • 2 min read
Helaba UK scheme secures £36m buy-in with PIC

Helaba UK scheme secures £36m buy-in with PIC

Bulk annuity transaction secures the benefits for all 156 members of the scheme

Martin Richmond
clock 12 August 2025 • 2 min read
DB surpluses up £41bn in the last year, XPS finds

DB surpluses up £41bn in the last year, XPS finds

Aggregate surplus at around £211bn, a monthly increase of £5bn

Jasmine Urquhart
clock 11 August 2025 • 1 min read
Trustpilot