Balfour Beatty Pension Fund agrees £1.7bn longevity deal

Transaction will protect the fund against rising costs and provide greater security

Martin Richmond
clock • 1 min read
Balfour Beatty Pension Fund agrees £1.7bn longevity deal

The Balfour Beatty Pension Fund has completed a £1.7bn longevity transaction with SCOR and Zurich Assurance.

The transaction will protect the fund against the risk of rising costs due to the increased life expectancy of members and will provide the fund's trustee with increased security and flexibility. ...

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