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L&G Retirement America completes $145m pension risk transfer deal with Rolls-Royce

December 2, 2022

Legal & General Retirement America (LGRA) has completed a c.$145 million pension risk transfer (PRT) transaction with Rolls-Royce North America Inc.

The deal, which closed in July, covered approximately 1,200 plan participants from the Retirement Plan for Rolls-Royce NA, and also came off the heels of LGRA’s largest H1 to date in the US PRT market.

Re/insurance broker Aon, advised Rolls-Royce on the transaction.

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