MMC scheme completes £2bn longevity swap

MMC UK Pension Fund has completed the first longevity swap to include active members

Holly Roach
clock • 1 min read
MMC scheme completes £2bn longevity swap

MMC UK Pension Fund has completed a £2bn longevity swap, the first to include active members.

The transaction covers around 14,500 pensioners, deferred and active defined benefit (DB) scheme members. The deal follows the fund's £3.4bn pensioner longevity swaps previously transacted in 20...

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