Longevity swaps
Risk Reduction
PGL Pension Scheme has completed a £900m longevity swap, using an insurance company owned by its sponsoring employer to access the reinsurance market.
21 August 2014
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Risk Reduction
Rothesay Life has secured a longevity swap with US reinsurer Prudential to cover the members of 93 schemes it has insured.
12 August 2014
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Defined Benefit
Mercer has teamed up with Zurich to launch a longevity hedging product for smaller and mid-sized defined benefit pension schemes.
14 July 2014
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Risk Reduction
Scottish Power's £2bn longevity swap is the latest in a string of transactions. But where does it feature on the top ten?
04 July 2014
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Industry
The BT Pension Scheme (BTPS) has entered into a £16bn longevity swap to hedge more than a quarter of its exposure to longevity risk.
04 July 2014
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Risk Reduction
Royal London has agreed a longevity swap with RGA International to cover the risk associated with £1bn of pension liabilities.
14 May 2014
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Defined Benefit
The Merchant Navy Officers Pension Fund (MNOPF) is winding up its investment committee as part of an overhaul of its governance structure.
01 May 2014
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Risk Reduction
ITV has used its London Television Centre property to set up a 25-year partnership to fund its defined benefit (DB) scheme.
01 April 2014
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Risk Reduction
The Aviva Staff Pension Scheme has secured the largest longevity swap written so far, in the first UK deal to dispense with a traditional intermediary.
06 March 2014
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