£1.7bn ITV deal predicted to spark longevity swaps surge

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A dozen longevity swap deals are set to complete in the next 18 months after the £1.7bn ITV Pension Scheme deal reinvigorated the market, a consultant says.

ITV trustees entered into the swap with Credit Suisse which fully hedges the longevity risk of 12,000 pensioner members. The deal, announced on Monday and the third largest ever in the UK, will ...

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