List: The biggest UK longevity swaps
There have now been a total of 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.
More on Risk Reduction
Aviva completes £875m second buy-in with own staff scheme
Aviva Life & Pensions has concluded an £875m buy-in with its own staff pension scheme, following on from a similar transaction last year.
Just Group agrees £74m buy-in with engineering scheme
Just Group has completed a £74m pensioner buy-in with the UK pension scheme of a US-listed engineering business.
Smiths Group completes £146m buy-in with Canada Life
The Smiths Industries Pension Scheme has secured a £146m buy-in with Canada Life in its fourth bulk annuity and its sponsor’s tenth overall.
Prudential agrees £3.7bn longevity swap with Pacific Life
The Prudential Staff Pension Scheme has entered into a £3.7bn longevity swap with Pacific Life Re, insuring the longevity risk of over 20,000 pensioners.
Baker Hughes agrees £100m buy-in with Just
The Baker Hughes (UK) Pension Plan has secured approximately £100m of liabilities through a buy-in with Just Group.
