Rolls Royce Pension Deficit

This was primarily driven by a 4 6bn bulk annuity deal with legal general completed in june of last year.

Rolls royce pension deficit. The transfer process for 90 per cent of the buy in liabilities was completed on 1 december 2019 which in turn saw 3 6bn of pension assets and. In its latest financial report at the end of february rolls royce revealed its db pension deficit had fallen by 849m to 208m. Step 1 of 2 pension number. Engine maker rolls royce confirmed it has started talks with workers about how to tackle a 1 1 billion shortfall in its uk pension fund.

Whilst the movement in. The deficit was announced at the same time as the company. Login by entering your pension number and password you chose when registering. Hide menu login to your account.

A defined contribution scheme will be open to any future members. The trustees of the rolls royce group pension scheme our second largest pension scheme have already implemented a substantial switch into assets that are better correlated with the liabilities and continue to work with the group. The rolls royce defined benefit db pension scheme deficit has fallen by 849m to 208m the group s financial report has shown. The improved funding was primarily driven by a 4 6bn bulk annuity deal with legal general completed in june of last year.

Rolls royce pensions jh 19 po box 31 derby de24 8bj close. Rolls royce is bucking that trend with a reform of its myriad defined benefit pension funds made possible by the merger of four schemes into one leaving the overall pension fund with a 1bn surplus. Your pension number can be found on any personalised document we send you. At 31 december 2006 the combined uk pensions scheme deficit was 665m before tax.

I m a member of the rolls royce uk pension fund and was previously in one of these schemes rolls royce pension fund rolls royce group pension scheme vickers group pension scheme rolls royce engine control systems pension scheme.