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Press release:

Mercer Advises Rolls-Royce UK Pension Fund on Record Buy-Out Worth over 4.6bn

Issued by: Mercer

Date: June 10, 2019

United Kingdom, London, June 7, 2019 -- Mercer, a global consulting leader in advancing health, wealth and career, announced that it acted as the Trustee's strategic investment advisor for the record-breaking partial buy-out worth over 4.6bn in respect of Rolls-Royce's UK Pension Fund.

As investment advisor to the Rolls-Royce Trustee, Mercer's role included advising on the premium payment portfolio, the continuity of the retained investment strategy to support the remaining members, and managing the transition of premium assets to Legal and General.

James Maggs, Partner at Mercer and lead investment advisor to the Trustee says: "This ground-breaking transaction is the latest in a line of success stories for the Rolls-Royce UK Pension Fund, whose funding surplus is testament to exceptional risk management over a sustained period. We are proud to have assisted the Trustee over many years on this journey and in this latest achievement."

About Mercer
Mercer delivers advice and technology-driven solutions that help organisations meet the health, wealth and career needs of a changing workforce. Mercer's more than 23,000 employees are based in 44 countries and the firm operates in over 130 countries. Mercer is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With 75,000 colleagues and annualised revenue approaching $17 billion, Marsh & McLennan helps clients navigate an increasingly dynamic and complex environment. Marsh & McLennan Companies is also the parent company of Marsh, which advises individual and commercial clients of all sizes on insurance broking and innovative risk management solutions; Guy Carpenter, which develops advanced risk, reinsurance and capital strategies that help clients grow profitably and pursue emerging opportunities; and Oliver Wyman, which serves as a critical strategic, economic and brand advisor to private sector and governmental clients. For more information, visit www.mercer.com. Follow Mercer on Twitter @UKMercer.

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