pension

Two new high profile members have signed up to the Life & Longevity Markets Association. Morgan Stanley and UBS have both joined as full members of the LLMA bringing their membership up to ten high profile financial organisations (AXA, Deutsche Bank, J.P. Morgan, Legal & General, Pension Corporation, Prudential PLC, RBS, Swiss Re, Morgan Stanley […]

£1.9B worth of RSA Insurance Group plc pensioner liabilities have been reinsured in the largest to date pension buy-in transaction. Pacific Life Re has reinsured a significant proportion of the transaction featuring pensioner liabilities which are secured by Rothesay Life.

BMW has now completed its deal (which we wrote about previously here) to offload the longevity risks of its group pension liabilities. The transaction which saw £3b of BMW’s pension liabilities transferred to Deutsche Bank is the biggest corporate longevity risk transfer on record and (as the FT reports) has doubled the size of the […]

Two more major companies are planning to transfer some of their pension fund risks through longevity swaps in the coming weeks. Longevity risk transfer is becoming a really popular and much more accepted way to take some of the risk out of your pension scheme and enable you to plan your cash flow better and […]

Babcock International Group, a leading UK based engineering support services company, has enacted a longevity swap to help it hedge the risks of longer life expectancies associated with it’s pension scheme. In doing so it has become the first UK company pension scheme to enter the longevity swap market. Credit Suisse have acted as the […]