Rolls-Royce offloads final UK pension risk to PIC for £4.3bn
The buy-in covers 36,000 members and insures the last remaining defined benefit liabilities Rolls-Royce backs in the UK.
On 10 August 2025, Rolls-Royce Holdings said the trustee of the Rolls-Royce UK Pension Fund had secured a £4.3bn bulk annuity buy-in with Pension Insurance Corporation, covering the final defined benefit pension scheme backed by Rolls-Royce in the UK. The transaction insured the fund’s remaining liabilities for 36,000 members and was structured as a buy-in ahead of a later full…
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