June 6, 2019 / 6:14 AM / 4 months ago

Rolls-Royce agrees 4.6 bln stg pension deal with insurer L&G

LONDON, June 6 (Reuters) - Rolls-Royce said on Thursday its pension scheme had agreed to transfer 4.6 billion pounds ($5.83 billion) of assets to Legal & General in Britain’s largest ever pension risk transfer deal.

The deal covers the transfer of assets and liabilities relating to around 33,000 pensioners who are members of the Rolls-Royce UK Pension Fund it said in a statement and would see Rolls-Royce pay a cash contribution of around 30 million pounds.

$1 = 0.7886 pounds Reporting by Simon Jessop Editing by Rachel Armstrong

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