Credit Suisse

UBS and Nomura have followed Credit Suisse in pulling out of the longevity swap market, citing capital requirements and regulatory changes, PP understands.

Equities offer better returns above inflation than bonds, property or gold, according to a long run data study.

More than £2bn of pension fund liabilities was transferred in the third quarter of the year through buy-ins, buyouts and longevity swaps, Hymans Robertson analysis shows.

UK - The Pensions Protection Fund has widened its selection of transition managers by recruiting nine firms to its panel, but missing from the list was incumbent State Street who the PPF said did not re-bid.

The Pension Protection Fund has widened its selection of transition managers by recruiting nine firms to its panel.

The onus of conducting due diligence on transition managers has shifted greatly to the asset owner, yet gaining access to managers' track records remains a problem, delegates heard.

UK - The onus of conducting due diligence on transition managers has shifted greatly to the asset owner, yet gaining access to managers' track records remains a problem, delegates at this month's GP's Transition Management Forum heard.

A dozen longevity swap deals are set to complete in the next 18 months after the £1.7bn ITV Pension Scheme deal reinvigorated the market, a consultant says.

UK - The ITV pension scheme has entered into a £1.7bn ($2.8bn) longevity swap with Credit Suisse to fully hedge the longevity risk for 12,000 of its pensioner members.

The ITV pension scheme has entered into a £1.7bn longevity swap with Credit Suisse to fully hedge the longevity risk for 12,000 of its pensioner members.