How 2017's largest longevity deal came to fruition

Stephanie Baxter
clock • 8 min read

MMC UK Pension Fund's Frank Oldham tells Stephanie Baxter how its £3.4bn longevity swap came about and why it chose a captive structure

Given longevity risk is one of the major challenges for pension schemes, it was no surprise to see a healthy £6.4bn worth of longevity swap deals in 2017. The largest of the year was the Marsh &...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Reduction

Premdor Crosby Pension Plan secures £16m buy-in with Royal London

Premdor Crosby Pension Plan secures £16m buy-in with Royal London

Transaction secures the benefits of 181 scheme members

Holly Roach
clock 28 October 2025 • 2 min read
Ford Motor Company secures £4.6bn buy-in with L&G

Ford Motor Company secures £4.6bn buy-in with L&G

Combined transaction secures the benefits of over 35,000 members across two pension schemes

Holly Roach
clock 27 October 2025 • 3 min read
Updated: The biggest buy-ins and buyouts since 2007

Updated: The biggest buy-ins and buyouts since 2007

Professional Pensions rounds up the largest block transfers of liabilities to insurers

Professional Pensions
clock 27 October 2025 • 1 min read
Trustpilot