All longevity risk articles
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NewsThomas Miller & Co complete £140m buy-in with Aviva
The transaction secures the benefits of all members in the scheme
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NewsBT Pension Scheme signs £5bn longevity swap deal
The deal signed with Reinsurance Group of America will cover £5bn of BT pensioner liabilities
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NewsNationwide Pension Fund completes £1.7bn UK longevity risk transaction
Plus: DWP publishes review of pension transfer regulations; NEST reappoints TCS for admin services
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NewsBulk annuity volumes reach £27.8bn, according to Aon
LCP and Hymans Robertson numbers differ slightly, but point to same upward direction
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NewsBulk annuity, longevity hedging deals set to reach £60bn, says WTW
Improved funding positions following a significant increase in Gilt yields, along with some of the cheapest pricing seen in over a decade
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News
Barclays Bank UK scheme completes £7bn longevity risk transaction
It’s the scheme’s second multi-billion-pound longevity transaction, following the £5bn transaction in 2020
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Opinion PiecesViewpoint: Modelling a longevity shock – A £1bn scheme would need to find £120m
By Howard Kearns, longevity pricing director at Insight Investment
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News
OECD adopts revised good DC design messages as recommendation
One of changes involves broadening message on pay-out phase beyond annuitisation
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NewsPhoenix Group completes $2.4bn longevity reinsurance transaction
Plus: Northern Bank completes two buy-ins with Aviva
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NewsAegon reinsures Dutch longevity risk
Deal with Reinsurance Group of America involves 257,342 pension insurance contracts and €7bn in pension liabilities
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NewsUnnamed UK pension scheme signs £6bn longevity swap
Longevity risk was reinsured to PFI subsidiary, with Zurich acting as intermediary on a ‘pass-through’ basis
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AXA UK scheme signs £3bn longevity swap for mostly deferred liabilities
Nearly 93% of the scheme’s liabilities are now protected against chance of members living longer than anticipated
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BBC scheme strikes £3bn longevity swap, Aon plan in £510m buy-in
BBC deal is the seventh announced longevity swap this year
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Barclays Bank UK scheme agrees £5bn longevity swap transaction
Scheme was advised by Aon while Insight Investment was appointed as collateral manager
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NewsNational Grid scheme in £800m buy-in deal
Plus: Homestyle fund completes £103m bulk purchase annuity transaction
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NewsLV= employee scheme turns longevity swap into £800m buy-in
The move represents a significant de-risking step and reduces volatility
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NewsWillis pension scheme strikes £1bn longevity hedge with Munich Re
Transaction is Willis Pension Scheme’s first step to ensure members’ benefits are secured against future improvements in life expectancy
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NewsUK roundup: LCP on COVID-19’s direct, indirect liabilities hit
Plus: Pension risk transactions keep pace through lockdown; Healthcare group scheme strikes buy-in deal with Aviva
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NewsUK roundup: £98bn saved in workplace pension schemes in 2019
Plus: Good news for longevity reinsurance market capacity; Brunel picks Macquarie for transition management
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News
IPE Conference: CEOs of Danish schemes must consider business model changes, says Rohde
Former ATP chief cites switch to risk allocation as one answer to the longevity/low yields squeeze
