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PIC completes £4.3 billion Rolls-Royce buyout transition in nine months with Brightwell serving as administration partner

Pension Insurance Corporation plc (‘PIC’), a specialist insurer of defined benefit pension schemes, has completed the buyout of all 36,000 members of the Rolls-Royce UK Pension Fund ('the Fund'), just nine months after signing a £4.3 billion full buy-in with the Trustee.  In order to achieve continuity of service, including the Trustee’s digitally focussed approach, PIC has appointed Brightwell as its administration partner. Brightwell has set up a new, dedicated office in Derby and the existing Rolls-Royce administration team, who were already based in Derby, have transferred to Brightwell to ensure that expertise is retained.

Find out more about “PIC completes £4.3 billion Rolls-Royce buyout transition in nine months with Brightwell serving as administration partner”

16/07/2026

Brightwell recognised as one of the UK’s Best Workplaces for Wellbeing

Brightwell has been recognised as one of the UK’s Best Workplaces for Wellbeing™ 2026, ranking in the top 50 for large companies.

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26/06/2026

Brightwell appoints Elspeth Lynch as Chief Legal, Governance and Compliance officer

Brightwell, the comprehensive services provider for defined benefit (DB) pension schemes, has appointed Elspeth Lynch as its new Chief Legal, Governance and Compliance Officer.

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23/06/2026

Brightwell comments on The Pensions Regulator’s Surplus Statement

Yesterday, The Pensions Regulator issued a statement to support trustee and employer discussions on surplus release options, alongside a government consultation on the draft surplus release regulations.

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11/06/2026

Brightwell appoints Mike Bussey as Non-Executive Chair

Brightwell, the comprehensive service provider for defined benefit pension schemes, has announced the appointment of Mike Bussey as Non-Executive Chair, subject to FCA approval.

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01/06/2026

Pensions Unpacked Season 2 Episode 3: Are We Saving Enough?

In the third episode of Pensions Unpacked series two, Georgie Frost is joined by Emma Douglas, Wealth Policy Director at Aviva, and Amy Mankelow, Head of Communications and External Relations at Brightwell.

Find out more about “Pensions Unpacked Season 2 Episode 3: Are We Saving Enough?”

22/05/2026

Pensions Unpacked Season 2 Episode 2: Can surplus reforms succeed?

In the second episode of Pensions Unpacked series two, Georgie Frost is joined by Ally Georgieva, Head of Insight, mallowstreet, Paul Kitson Partner and UK Head of Pensions Consulting at EY and Chris Threadgold, Business Development Manager, Brightwell.

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20/05/2026

Expert investor series – One Portfolio Approach

One Portfolio Approach — a practical, outcome focused way of managing investments. By looking beyond traditional asset class labels and focusing on the role each investment plays, this approach supports more resilient, flexible portfolios designed to meet long-term objectives in a changing market environment.

Find out more about “Expert investor series – One Portfolio Approach”

11/05/2026

Brightwell welcomes passage of the Pension Schemes Bill

Brightwell has welcomed the passage of the Pension Schemes Bill through Parliament. Morten Nilsson, CEO, Brightwell, said: “The industry will be breathing a collective sigh of relief at the passage of the Pension Schemes Bill last night. While the detail will now be shaped through consultation, regulation and guidance, the Bill provides a strong blueprint for the future.

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29/04/2026

Brightwell comments on the final phase of the Pension Schemes Bill

As the Pension Schemes Bill reaches its final phase, Morten Nilsson, CEO, Brightwell said: “The Pension Schemes Bill will introduce a number of important reforms which will shape the future direction of travel for pensions for decades to come.

Find out more about “Brightwell comments on the final phase of the Pension Schemes Bill”

21/04/2026

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