UBS scheme extends longevity hedge by £0.5bn

The extended longevity swap now covers around two thirds of its DB liabilities

Holly Roach
clock • 2 min read
UBS scheme extends longevity hedge by £0.5bn

The UBS Pension and Life Assurance Scheme has extended its longevity hedge by £0.5bn.

The transaction adds to the £1.4bn longevity swap it made in 2020 and the extended swap now covers around two thirds of its defined benefit (DB) liabilities. Mercer acted as the lead commercial ...

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 Industry

Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

A £540m buy-in, L&G passes through integration testing with PDP and Broadstone partners with PE firm

Professional Pensions
clock 10 January 2025 • 1 min read
News Digest: The no-nonsense judge who gave divorced women a share in their husbands' pensions

News Digest: The no-nonsense judge who gave divorced women a share in their husbands' pensions

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 10 January 2025 • 1 min read
PPF improves gender balance in senior management roles

PPF improves gender balance in senior management roles

Lifeboat fund exceeds targets with women making up 48% of senior manager roles

Jasmine Urquhart
clock 09 January 2025 • 1 min read
Trustpilot