Legal & General Retirement America Completes Pension Risk Transfer Deal with Rolls-Royce North America Inc.
LGRA Announces c.
Legal & General Group (Legal & General) has a long-standing relationship with Rolls-Royce providing both investment and pension de-risking expertise and support in the
“We are thrilled to expand the relationship between Legal & General and Rolls-Royce with this transaction and are committed to providing these participants with the world class customer service for which we are known. This deal demonstrates Legal & General’s position as a global PRT market leader and underscores why companies value our pension risk solutions.”
“We are pleased to have secured the retirement income for our former colleagues and their families, which is the result of prudent funding of our pension plan over many years. As well as providing further security for pension participants, the transfer strengthens and de-risks our balance sheet which is good for our business, employees and investors. We will always act to ensure that our pension promises are fulfilled.”
About Legal & General Retirement America
Legal & General Retirement America (LGRA) specializes in customized pension risk solutions for institutional clients in the U.S. market. Established in 2015, Legal & General Retirement America is a business unit of
About Legal & General
Established in 1836, Legal & General is one of the
Rolls-Royce pioneers the power that matters to connect, power and protect society. We have pledged to achieve net zero greenhouse gas emissions in our operations by 2030 (excluding product testing) and joined the UN Race to Zero campaign in 2020, affirming our ambition to play a fundamental role in enabling the sectors in which we operate achieve net zero carbon by 2050.
Rolls-Royce has customers in more than 150 countries, comprising more than 400 airlines and leasing customers, 160 armed forces and navies, and more than 5,000 power and nuclear customers.
Annual underlying revenue was £10.95 billion in 2021, underlying operating profit was £414m and we invested £1.18 billion on research and development. We also support a global network of 28 University Technology Centres, which position Rolls-Royce engineers at the forefront of scientific research.
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Source: Legal & General Retirement America