Lloyds completes two longevity hedging transactions valued at £5.1bn

Third and fourth transactions protect schemes from cost of unexpected increases to life expectancy

Holly Roach
clock • 3 min read
Lloyds completes two longevity hedging transactions valued at £5.1bn

Lloyds Banking Group Pension Trustees has entered into two longevity hedging transactions valued at £5.1bn.

The transactions include a £2.1bn arrangement for the Lloyds Bank Pension Scheme No.2 Scheme and a £3bn deal for the HBOS Final Salary Pension Scheme. The group's third and fourth transactions o...

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Holly Roach
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Holly Roach

News Editor at Professional Pensions

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