# Vickers Group Pension Scheme

Vickers Group Pension Scheme is a Pension Fund based in Derby, United Kingdom.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Derby, United Kingdom
- **Region:** Europe
- **Address:** Derby, United Kingdom
- **Assets under management:** Undisclosed
- **Website:** http://www.vickers-energy.co.uk/

## Regulatory record

- **Reports private funds:** No

## About

Vickers Group Pension Scheme is a private sector pension fund based in Derby, UK. It manages approximately $16.2 billion in assets across three funds, primarily focused on Europe.

## People

- Liz Airey — Chairman of the Trustee Board

## Questions

### Who chairs the trustee board of the Vickers Group Pension Scheme?

Liz Airey chairs the Trustee Board. She is also a non-executive director on the board of Rolls-Royce Holdings plc, the scheme's current sponsoring employer. Her dual role provides direct visibility into the sponsor's financial health, which is a material factor in assessing the scheme's covenant strength.

### How did Rolls-Royce become the sponsor of the Vickers Group Pension Scheme?

Rolls-Royce plc acquired Vickers plc in 1999 for £576 million, absorbing its pension liabilities as part of the transaction. The scheme carried the retirement obligations of Vickers employees into Rolls-Royce, and it now operates as a legacy defined-benefit plan within the larger corporate group.

### Is the Vickers Group Pension Scheme open to new members or third-party capital?

No. The scheme is a closed corporate defined-benefit plan. It does not accept third-party capital, does not operate as a fiduciary for external institutions, and is not accessible to new members—its sole purpose is paying pensions to former Vickers and Rolls-Royce employees who accrued benefits before the plan closed to future accrual.

### How is the scheme's funding position disclosed?

The scheme's net surplus or deficit is reported in Rolls-Royce Holdings plc's annual report under IAS 19 accounting disclosures. A separate triennial actuarial valuation, agreed with the trustee board and submitted to The Pensions Regulator, determines any required deficit recovery contributions from the sponsoring employer.

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Last updated: 2026-06-03T20:00:00.000Z

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