Longevity swaps
Risk Reduction
The total value of annuity deals was 30% higher in 2016 than at the previous market peak in 2014, Aon Hewitt's UK Risk Settlement Bulletin has revealed.
24 January 2017
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1 min read
Industry
This week's top stories included British Steel trustees rejecting an "unviable plan" to rescue the scheme, and Baroness Ros Altmann calling on the government to amend section 75 debt regulations.
20 January 2017
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1 min read
Risk Reduction
Zurich has completed a £300m longevity hedge swap with an undisclosed pension scheme of a small firm, marking its fifth such deal in 13 months.
17 January 2017
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2 min read
Defined Benefit
Schemes should consider delaying longevity swap transactions as lower rates of mortality improvement have led to a dislocation in pricing says Aon Hewitt.
27 October 2016
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3 min read
Risk Reduction
Defined benefit scheme (DB) trustees and sponsors need to think more about how factors such as vaping and obesity will affect longevity risk, according to Mercer.
21 September 2016
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2 min read
Defined Benefit
Pirelli has completed a longevity swap transaction with Zurich for £600m of liabilities across its two main defined benefit (DB) pension schemes.
31 August 2016
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3 min read
Defined Benefit
The trustee of the Pilkington Superannuation Scheme has entered a £230m buy-in with the Pension Insurance Corporation (PIC).
22 August 2016
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1 min read
Risk Reduction
Scottish Power has completed a longevity swap with Abbey Life to hedge £1bn of liabilities, covering 4,000 pensioners in the Manweb section of the Electricity Supply Pension Scheme.
10 August 2016
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2 min read
Risk Reduction
KPMG has introduced a longevity projection model used by insurers to help improve its understanding of the future risks of defined benefit (DB) pension schemes.
05 July 2016
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2 min read
Defined Benefit
Smaller schemes are increasingly looking to benefit from longevity de-risking opportunities offered through swaps and bulk annuities, accordingly to JLT Employee Benefits.
18 April 2016
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2 min read
