Longevity swaps
Risk Reduction
Around £1trn of pension risk could be insured by just over a decade’s time as bulk annuity volumes grow rapidly, also boosting insurers’ rankings in the FTSE 100, according to Hymans Robertson.
11 February 2021
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2 min read
Risk Reduction
Pension risk transfer volumes this year will look similar to those in 2020 as market volatility creates opportunities for schemes able to act fast, according to Willis Towers Watson.
19 January 2021
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1 min read
Risk Reduction
The Barclays Bank UK Retirement Fund has completed a £5bn longevity swap with Reinsurance Group of America (RGA).
14 December 2020
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3 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
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
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
The LV= Employee Pension Scheme has agreed a buy-in of around £800m with Phoenix Life after converting an existing longevity swap.
28 July 2020
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3 min read
Risk Reduction
Nikhil Patel looks at how schemes have hedged longevity over the last decade, and how this will develop in the future.
09 June 2020
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4 min read
Risk Reduction
Three Lloyds Banking Group pension schemes have transferred £10bn of longevity risk to Pacific Life Re in the second-largest longevity swap ever.
29 January 2020
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3 min read
Risk Reduction
Longevity swap transactions will hit a record-breaking level of £25bn this year, Willis Towers Watson has predicted.
21 January 2020
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1 min read
