Pension Insurance Corporation (PIC) has completed the transfer of the Rolls-Royce UK Pension Fund, securing the long-term future of benefits for 36,000 members following a £4.3bn full buy-in agreed with the scheme’s trustees.
The milestone was reached just nine months after the initial agreement, marking the completion of one of the UK’s largest pension risk transfer transactions and moving all members of the Rolls-Royce scheme onto PIC’s insurance platform.
As part of the move, PIC has supported th... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
