LV= scheme agrees £800m longevity swap

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The LV= Employee Pension Scheme has entered into an £800m longevity swap with Swiss Re to hedge the longevity risk associated with more than 5,000 members.

Unusually, 1,000 of the members covered are yet to retire. The only other longevity hedging transaction to include non-pensioner members was the Pall deal last year (PP Online 1 February). The L...

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