Swiss Re has confirmed it was the counterparty behind a £750m longevity swap with the Royal County of Berkshire Pension Fund.
The insurer said the deal with the local authority marked the first pure longevity risk transfer written for any government body worldwide. It is the third such deal in the UK. The contract tran...
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, 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
