Pirelli enters £600m longevity swap

Kristian Brunt-Seymour
clock • 3 min read

Pirelli has completed a longevity swap transaction with Zurich for £600m of liabilities across its two main defined benefit (DB) pension schemes.

The deal with the manufacturing giant took eight to nine months to complete and covered the Pirelli General Pension and Life Assurance Fund and the Pirelli Tyres Limited 1988 Pension and Life Assur...

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