AstraZeneca pension fund confirms £2.5bn longevity swap

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AstraZeneca Pension Fund Trustee has agreed a longevity swap with Deutsche Bank covering £2.5bn of liabilities and around 10,000 pensioners.

Aon Hewitt was the lead advisor to the trustees running the pension scheme of the multinational pharmaceutical firm. It follows the announcement last week that the Carillion Defined Benefit (DB)...

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