The UBS Pension and Life Assurance Scheme has extended its longevity hedge by £0.5bn.
The transaction adds to the £1.4bn longevity swap it made in 2020 and the extended swap now covers around two thirds of its defined benefit (DB) liabilities. Mercer acted as the lead commercial ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
