The Rolls-Royce UK Pension Fund has completed a £4.3bn buy-in deal with Pension Insurance Corporation (PIC), securing the scheme’s total remaining liabilities.
The bulk annuity transaction with the scheme – which covers the pensions of 36,000 people made up of 15,000 pensioners and 21,000 deferred members – follows a £4.6bn partial buyout with Legal & Gen...
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