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The Yorkshire and Clydesdale banks were part of CYBG, the group taken over by Virgin Money UK in 2018
The Yorkshire and Clydesdale Bank (YCB) Pension Scheme has entered into a £1.6bn longevity hedge with Pacific Life Re via Zurich Assurance.
The arrangement announced today (2 May) will provide long term protection against costs resulting from pensioners or their dependents living longer than currently expected. The policy is structu...
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