L&G completes £1.1bn full buyout of Vickers Rolls-Royce pension plan
By IAN Editorial Desk
15 December 2016·Updated 24 May 2026·1 min read
2026-02-18 Legal & General has completed a £1.1bn full pension buyout for the Vickers Group Pension Scheme, securing all liabilities for the plan.
Legal & General has completed a £1.1bn full pension buyout for the Vickers Group Pension Scheme, securing all liabilities for the plan. The scheme is part of the Rolls-Royce Group.
The £1.1bn transaction was reported as the largest UK buyout deal in 2016 to date. Legal & General said it has a long-standing relationship with the Rolls-Royce pension plan, having provided investment management services since 1989.
No further details on timing or execution steps for the buyout were disclosed in the available statements.
