Rolls-Royce completes £3bn longevity swap deal - UPDATED

Jonathan Stapleton
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Rolls-Royce and the trustees of its pension fund have agreed a longevity swap to cover around £3bn of liabilities.

The firm said the deal - conducted with Deutsche Bank - will give additional security to all members of the company's final salary pension scheme. It explained around 37,000 pensioners are covered ...

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