Babcock International is set to complete the first longevity swap deal involving a UK pension fund in a bid to cap its exposure to increasing life expectancy this month.
The engineering firm said it had reached agreement in principle with the trustees of two of its defined benefit pension schemes to cap the longevity exposure of nearly all of its pensions in paymen...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
