pension derisking

UK insurance and investment group Legal & General has completed the largest ever UK longevity swap with the BAE Systems 2000 Pension Plan. The insurance transaction between the two covers the BAE pension plan against the risk of its 31,000 current pensioners living longer than expected, covering a total of £2.7bn of pension liabilities as […]

Since the longevity risk transfer and pensioner longevity de-risking market began in earnest in 2006 over £40 billion of pensioner liabilities have been transferred using instruments such as longevity swaps, buy-ins and buy-outs according to an update from Hymans Robertson. The total volume of risk transfer deals is expected to surpass £50 billion by the […]