Willis Pension Scheme enters into £1bn longevity hedge

Jonathan Stapleton
clock • 2 min read

The Willis Pension Scheme has entered into a longevity swap transaction with Munich Re to manage longevity risk in relation to around £1bn of pensioner liabilities.

The arrangement - which covers around 3,500 members - relates to pensions in payment in the scheme and aims to provide long-term protection for the scheme against additional costs resulting from pe...

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