Pensions - Articles - Aviva agrees Rolls-Royce pension deal

 12,500 Rolls-Royce employees have been moved into nine different pension schemes providing a mixture of Defined Contribution contract and trust-based arrangements.

 Part of the deal has seen a significant joint employee engagement and financial education strategy undertaken, with around 1200 members attending financial education presentations hosted by Friends Life. To date, more than 2000 members have accessed the innovative E-Community online hub as well. Members also have access to the My Money platform – enabling members to engage with their savings and empowering them to take control.

 Andy Curran, Managing Director of Corporate and Business Solutions at Aviva, said: “I am delighted that we have been able to partner with Rolls-Royce plc, a household name across the world. We clearly demonstrated the value our entire proposition can bring to a company and we will continue to work with Rolls-Royce to ensure their employees have access to a wide range of workplace savings. This is a significant collaboration between the two businesses and the development of a true partnership.”

 Joel Griffin, Head of Pensions at Rolls-Royce, said: “Ensuring that our employees are given the best opportunity to save for a comfortable retirement is very important to Rolls-Royce. We are excited to be partnering with Aviva and Friends Life to offer a market leading proposition that addresses the need for financial information and education, ease of access, with choice and control over savings. We look forward to collaborating further with Aviva and Friends Life to continuously develop this offering on behalf of our employees.”