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...

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

BT Pension Scheme completes two longevity swap deals totalling £10bn

BT Pension Scheme completes two longevity swap deals totalling £10bn

Deals with Swiss Re and RGA further protect scheme from unexpected life expectancy rises

Jonathan Stapleton
clock 21 March 2025 • 2 min read
Anglo American completes £785m combined buy-in transaction with L&G

Anglo American completes £785m combined buy-in transaction with L&G

Deal covers three schemes and secures the benefits for 5,100 retirees and 2,500 deferred members

Holly Roach
clock 20 March 2025 • 3 min read
Church of Scotland secures £75m multi-scheme buy-in deal with Just Group

Church of Scotland secures £75m multi-scheme buy-in deal with Just Group

Transaction covers two schemes and three sections sponsored by the Church of Scotland

Holly Roach
clock 18 March 2025 • 2 min read
Trustpilot