LV= converts longevity swap into £800m buy-in with Phoenix Life

James Phillips
clock • 3 min read

The LV= Employee Pension Scheme has agreed a buy-in of around £800m with Phoenix Life after converting an existing longevity swap.

The initial longevity insurance agreement was entered into in 2012 with ReAssure and reinsured by SwissRe. The reinsurance agreement will now be transferred to Phoenix Life. The conversion allow...

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

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

View profile
More from James Phillips

Just completes £260m deferred-heavy buy-in

Slow and boring? How wrong I was about pensions

More on Risk Reduction

Clarks Footwear scheme secures £540m buy-in deal with PIC
Risk Reduction

Clarks Footwear scheme secures £540m buy-in deal with PIC

Second deal between PIC and the scheme means all its DB liabilities are now insured

Holly Roach
Holly Roach
clock 07 January 2025 • 2 min read
Updated: The biggest buy-ins and buyouts since 2007
Risk Reduction

Updated: The biggest buy-ins and buyouts since 2007

Professional Pensions rounds up the largest block transfers of liabilities to insurers

Professional Pensions
Professional Pensions
clock 07 January 2025 • 1 min read
Run-on, self-sufficiency or buyout? How to prepare for your long-term endgame
Risk Reduction

Run-on, self-sufficiency or buyout? How to prepare for your long-term endgame

What is the right long-term objective for pension schemes?

Professional Pensions
clock 06 January 2025 • 20 min read
Trustpilot