Longevity Risk
Risk Reduction
The BBC Pension Scheme has completed a £3bn longevity swap deal with Zurich and Canada Life Reinsurance, covering the risk of pensioner and dependent members.
15 December 2020
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2 min read
Defined Benefit
Companies could be overstating their pension liabilities by up to £60bn due to their life expectancy assumptions, according to XPS Pensions Group.
25 November 2020
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1 min read
Risk Reduction
The Prudential Staff Pension Scheme has entered into a £3.7bn longevity swap with Pacific Life Re, insuring the longevity risk of over 20,000 pensioners.
11 November 2020
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2 min read
Risk Reduction
Two in five UK defined benefit (DB) schemes expect to complete a bulk annuity or longevity swap transaction within the next three years, Willis Towers Watson research finds.
14 October 2020
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2 min read
Risk Reduction
Darryl Brundle and Ashley Kanter look at the contrasting pressures and easements on longevity associated with the pandemic
13 October 2020
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4 min read
Risk Reduction
Fewer pension schemes are targeting self-sufficiency as their long-term objective while bulk annuity pricing improves and the consolidation market opens up.
08 October 2020
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2 min read
Risk Reduction
Around £50bn of risk will be transferred to the bulk annuity and longevity swap market by the end of the year despite a slow start to the market, Aon says.
05 October 2020
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2 min read
Defined Benefit
While the CMI Model of longevity improvements has proved reliable, Covid-19 threatens to cause it to show an unrealistic falls in life expectancy. Tim Gordon explains why the industry should not overreact
22 September 2020
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4 min read
Risk Reduction
Longevity swap usage is expected to grow further as more reinsurers enter the market to hedge the risk of deferred members, according to Mercer.
04 August 2020
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2 min read
Risk Reduction
Prudential Retirement reinsured $1.7bn (£1.4bn) of UK pension scheme longevity risk in the first half of the year, it has revealed.
09 July 2020
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1 min read
