LV= converts longevity swap into £800m buy-in with Phoenix Life

James Phillips
clock • 3 min read

The LV= Employee Pension Scheme has agreed a buy-in of around £800m with Phoenix Life after converting an existing longevity swap.

The initial longevity insurance agreement was entered into in 2012 with ReAssure and reinsured by SwissRe. The reinsurance agreement will now be transferred to Phoenix Life. The conversion allow...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • 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

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Risk Reduction

Engineering Council Pension Scheme secures £9m buyout with Just Group

Engineering Council Pension Scheme secures £9m buyout with Just Group

Transaction secures the benefits of around 90 scheme members

Holly Roach
clock 15 September 2026 • 2 min read
Givaudan scheme winds up, securing all member benefits with Aviva

Givaudan scheme winds up, securing all member benefits with Aviva

Aon advised the trustee during the process and Travers Smith provided legal advice

Holly Roach
clock 14 September 2026 • 1 min read
Special Melted Products secures £52m buy-in with Canada Life

Special Melted Products secures £52m buy-in with Canada Life

Deal secures the benefits of 430 pensioners and deferred members

Holly Roach
clock 14 September 2026 • 1 min read
Trustpilot