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  • Rolls-Royce agrees pension fund longevity swap
  • Rolls-Royce and the Trustees of the Rolls-Royce Pension Fund have agreed a longevity swap that will give additional security to all members of the company's final salary pension scheme. The contract with Deutsche Bank reduces the risk on approximately £3bn of the fund's liabilities. The cost of this transaction will be borne by the pension fund and will have no material effect on the funding arrangements. Around 37,000 pensioners are covered by this agreement.
  • By Avian Media - November 29, 2011