Axa agrees market's first ever deferred longevity swap with Hannover Re

James Phillips
clock • 2 min read

The Axa UK Group Pension Scheme has agreed a £3bn longevity swap with Hannover Re, insuring the longevity risk of a largely non-pensioner population.

Closed on 27 February, the deal is thought to be the first in the UK to cover deferred members and includes pensions that may come into payment after 31 March 2019. Around 16,000 members are pro...

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

Traffic jams and roadblocks leaving micro DB schemes in the endgame slow lane

Traffic jams and roadblocks leaving micro DB schemes in the endgame slow lane

Nick Johnson says a joined-up approach gives trustees the best route to insurer engagement

Nick Johnson
clock 13 March 2026 • 3 min read
M&G completes first with-profits BPA and announces £1.5bn of volumes in 2025

M&G completes first with-profits BPA and announces £1.5bn of volumes in 2025

Firm’s full-year results show 65% year-on-year growth in BPA sector

Linus Uhlig
clock 12 March 2026 • 2 min read
Isio completes first PenUltimate Micro buy-in with Godolphin scheme

Isio completes first PenUltimate Micro buy-in with Godolphin scheme

Scheme secured buy-in within seven months of consultant’s appointment

Jonathan Stapleton
clock 11 March 2026 • 2 min read
Trustpilot