Roll-Royce Holdings said the Krust-Royce of UK Funds have received a $ 4.3 insurance agreement
A special agreement, special insurance for the specified benefit plans, will cover all the outstanding debt of 36,000 employees (15,000 companies), two limited companies), said two prescribed companies)
Roll-Royce Seals Pension Agreement Pension Pension
The main focus of trustee as part of a partnership with the insurance company with the same commitment at the highest customer care levels and support, which has been in the heart of the trustee plan.
Dealing with PIC completely protected paid benefits to the Fund, providing guidance and protection for the specified benefits scheme members. They will have their benefits of another large insurance contracted in size, with a strong record of high customer service levels.
Liz Aurey, Chairman of the Trustee, Roll-Royce Pension Fund, said: “This is a common agreement to result in the sure of the members of Roll-Royce pension members.”
The sale is expected to be in Bolster Roll-Royce’s in the efforts to facilitate its business. Corporate pension debts are rent in their work in recent years, and condemns comes as the Chief Executive Tufan Ertgilbic We want to move its business as the need for its laws.
Helen McCabe, CFO, Roll-Royce, I have been added: “This is a winning participants in all our stakeholders. This agreement and is a measure of our journey to facilitate roll-rays.”
This Agreement includes the final plan of defined pension restored by Roll-Royce in the UK. The installation purchase includes the transfer of assets to exchange the provisional insurance plan. Protected by expecting that ‘built a full’ full – where credit and benefit benefit is – the next day.
In July this year, the pic was found by Athora with approximately $ 5.7 billion (US $ 7.67 billion). Athora is a leading saving pan-European Savings and a retirement group € 76 billion (US $ 88.6 billion) under management and administrative assets.
MITUL Magadia, chief executive of Epic, said: “It has been a pleasure in this new and trustees and advisers.
“Finally, the transaction was taken to whom they have seen to continue to continue to provide similar clients and consideration.
“After our Athora achievement, which depends on controlling control, we expect a strong desire to complete such a transaction.”
The transactions will be fully funded from the property of the existing pension program and will result in reducing $ 0.6 billion’s group assets (US $ 807 million). Full credit transfer is expected in the next 12 months, combined with pic to take the right responsibility to bring insurance benefits.
