Fortune 500-sponsored scheme completes £1bn longevity swap

The transaction is a ‘key milestone’ towards the trustees’ plan to secure all benefits

Holly Roach
clock • 2 min read
Fortune 500-sponsored scheme completes £1bn longevity swap

An unnamed UK pension scheme sponsored by a Fortune 500 company has completed a £1bn longevity swap.

The transaction - which covers both pensioner and non-pensioner members - insures the majority of the risk that members live longer than expected and is among the first in an emerging trend of long...

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