Rolls-Royce Sells UK Pension Fund in £4.3bn Deal with PIC

Rolls-Royce has sealed a major deal. The company sold its UK pension fund to Pension Insurance Corporation for £4.3bn. This move covers 36,000 members and marks the largest pension transfer in the UK this year. We see this as a smart step for Rolls-Royce. It frees up resources and boosts confidence in the stock market….