List: The biggest UK longevity swaps
There have now been more than 30 longevity swaps over £1bn publicly announced. The full list, provided by Willis Towers Watson and through PP research, is as follows...
The sortable table below shows the biggest deals announced, beginning at £1bn.
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Fujitsu scheme enters into £3.7bn longevity swap with Swiss Re
The ICL Group Pension Plan has entered into a £3.7bn intermediated longevity swap via a Guernsey-based captive, with Swiss Re reinsuring the risk.
L&G concludes £105m top-up buyout for Nortel scheme
The Nortel Networks UK Pension Plan has agreed a further £105m buyout with Legal & General (L&G), topping up the benefits agreed in a prior deal.
ABI agrees £26m buy-in with Aviva
The Association of British Insurers (ABI) Pension & Assurance Scheme has insured benefits for 191 members in a £26m buy-in with Aviva.
Aviva completes £3m buyout of Shepherd Foods scheme
The defined benefit (DB) scheme of Shepherd Foods (London) has completed a £3m buyout with Aviva, insuring the benefits of 13 pensioner and deferred members.
General Motors secures £53m bulk annuity transaction with Aviva
General Motors has agreed a £53m bulk purchase annuity transaction with Aviva for the Vauxhall Associated Companies Pension Fund (VACPF).
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