Indexation switch helps Rolls Royce halve deficit

clock •

Rolls Royce Holdings has more than halved its post-retirement deficit to £397m and continued its concerted programme of de-risking.

The firm's annual financial report, published today, showed switching to the Consumer Prices Index for pensions' indexation had shaved £130m from the shortfall. Revised healthcare benefits in so...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

Author spotlight

Jack Jones

View profile
More from Jack Jones

TPR's four priorities for 2016

FTSE 100 drops 3% to below 6,000 after China suspends trading for second time

More on Defined Benefit

SPP: DB funding code will create clarity between funding, covenant and investment
Defined Benefit

SPP: DB funding code will create clarity between funding, covenant and investment

Survey finds 25% say code will establish ‘clearer TPR expectations’ for risk management

Martin Richmond
Martin Richmond
clock 14 November 2024 • 1 min read
DB surpluses hit record £208bn in October, XPS finds
Defined Benefit

DB surpluses hit record £208bn in October, XPS finds

Surpluses up from £187bn in September due long-term gilt yield rise and drop in liabilities

Holly Roach
Holly Roach
clock 13 November 2024 • 1 min read
UK DB profit warnings reach highest quarterly level of 2024
Defined Benefit

UK DB profit warnings reach highest quarterly level of 2024

EY-Parthenon finds Q3 saw a 33% increase compared to Q2

Martin Richmond
Martin Richmond
clock 13 November 2024 • 2 min read
Trustpilot