Rolls-Royce sells its UK pension fund for £4.3 billion to PIC, covering 36,000 workers.

Rolls-Royce has sold its UK pension fund to Pension Insurance Corporation (PIC) for £4.3 billion, covering liabilities for about 36,000 workers. This deal aims to simplify Rolls-Royce's operations, as PIC specializes in managing defined benefit pension schemes. The transaction, reported by Bloomberg, is part of a trend where companies offload pension liabilities to streamline finances.