BBC agrees £3bn longevity swap while Aon scheme completes £510m buy-in
The BBC Pension Scheme has completed a £3bn longevity swap deal with Zurich and Canada Life Reinsurance, covering the risk of pensioner and dependent members.
Zurich acted as the insurer in the transaction, which is its largest longevity swap to date, while Canada Life has provided the reinsurance. It is the seventh longevity swap announced this year, with...
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