Willis Pension Scheme enters into £1bn longevity hedge

Jonathan Stapleton
clock • 2 min read

The Willis Pension Scheme has entered into a longevity swap transaction with Munich Re to manage longevity risk in relation to around £1bn of pensioner liabilities.

The arrangement - which covers around 3,500 members - relates to pensions in payment in the scheme and aims to provide long-term protection for the scheme against additional costs resulting from pe...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Reduction

'Healthy' demand for bulk annuity transactions despite volatility, Isio says

'Healthy' demand for bulk annuity transactions despite volatility, Isio says

Consultancy says market has seen ‘strong momentum’ despite uncertainty caused by US tariffs

Martin Richmond
clock 28 April 2025 • 2 min read
College of Law scheme secures £85m buy-in with Royal London

College of Law scheme secures £85m buy-in with Royal London

Royal London has now insured £1bn of liabilities as it continues BPA market growth

Holly Roach
clock 28 April 2025 • 2 min read
ELG Metals UK scheme completes £28m buy-in with Just

ELG Metals UK scheme completes £28m buy-in with Just

Transaction secures the benefits of 99 deferred members and 81 pensioners

Martin Richmond
clock 24 April 2025 • 2 min read
Trustpilot