National Grid completes £2bn longevity swap

Kim Kaveh
clock • 2 min read

The National Grid Electricity Group has completed an intermediated longevity swap with Zurich for the Electricity Supply Pension Scheme (ESPS).

Covering more than £2bn of pensioner liabilities, this is one of the largest longevity deals to date - although the date of its completion has not yet been confirmed. The deal will protect Natio...

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