Chair's welcome + facts and figures
Alongside the Chair’s welcome, you’ll find the annual Chair’s Statement, summarising the Trust’s arrangements and outlining how it provides you with value for money.
The Chair’s Statement forms part of the Trustee’s formal Report and Accounts, which is independently audited by Deloitte LLP. We’ve picked out some highlights in this section, but you can also read it in full.
Welcome to our annual newsletter, reviewing the past 12 months and highlighting the things you need to know as a Savings Trust member.
The Savings Trust continues its growth trajectory, with the combined value of member investments closing in on £1.6bn on 5 April 2025 (the end of the scheme year). That’s an increase of over 60% in just two years and comes despite a rocky start for many investments in the first quarter of 2025.
Most of you continue to use our award-winning Target Date Funds investment solution, and we’re delighted that this continues to be a popular choice amongst members who prefer to leave investment decisions to the experts at BlackRock.
For those of you who feel confident enough to make your own investment choices, our 2024 investment review resulted in four new investment funds being added to our roster of 18. These include the two ‘building blocks’ of our TDF solution – allowing you to use these funds in a more flexible way. You’ll find much more detail about all of this in the Your Investments section of the newsletter.
Elsewhere in the newsletter, you’ll find that we’ve included three age-related ‘Focus on’ sections, helping you to concentrate on what’s important wherever you are on the retirement journey.
On the Trustee Board, Anne-Marie Smith stood down as a member-nominated Trustee during December 2024, having served on the Board since April 2023. Replacing Anne-Marie is Rob Gilbert who was appointed with effect from July 2025. I’d like to thank Anne-Marie for her efforts and welcome Rob to our Board of Trustees, who have all put in a lot of hard work on top of their existing roles in Rolls-Royce to continue to improve the Savings Trust for the benefit of all members.
We hope you find this newsletter useful – please let us know by taking a few seconds to give us your rating.
Mark Porter
Chair, Rolls-Royce Retirement
Savings Trust
What’s the Chair’s Statement?
We’re required by law to produce a statement demonstrating how the Savings Trust is governed and that it provides good value for all of its members. It forms part of the Trustee’s formal Report and Accounts, which are audited by the independent auditor, Deloitte LLP.
What’s in the Chair’s Statement?
GOVERNANCE
We show how we govern the Trust’s investment fund options, showing our thinking behind the investment options that we offer to you.
MONITORING
Find out how the Trust’s administration services are reviewed and how we make sure that core financial transactions are processed efficiently.
COST & CHARGES
Learn about the charges and transaction costs that you pay and see an illustrative example of the effect they have on your retirement fund.
VALUE FOR MONEY
See how the Trustee assesses that you get good value for the charges you pay and learn about other governance costs that are met by Rolls-Royce.
KNOWLEDGE & UNDERSTANDING
Discover how Trustee Directors undertake training, maintain appropriate levels of knowledge and understanding, and how they review their own effectiveness.
2025
THE YEAR IN NUMBERS FROM THE CHAIR'S STATEMENT
Active members
Deferred members
Members registered for MyWorkplace
Members who’ve nominated beneficiaries*
*A nominated beneficiary is someone you’d like to receive benefits if you die before taking your retirement savings
Aviva end-to-end administration service times
Assets under management
Membership age profile
Pensions Quality Mark (PQM)
We’re proud to hold the PQM Plus, the highest level of recognition awarded by the Pensions and Lifetime Savings Association’s PQM accreditation scheme. PQM Plus recognises and celebrates high-quality defined contribution retirement savings schemes, supported by a contribution rate of at least 10% from the employer.
You can find out more on the PQM website.
