Nationwide Pension Fund completes £1.7bn longevity swap

Transaction transfers longevity risk for around 7,000 members to Zurich UK and PFI

Martin Richmond
clock • 2 min read
Nationwide Pension Fund completes £1.7bn longevity swap

The Nationwide Pension Fund has completed a £1.7bn longevity risk transfer transaction with Zurich Assurance and Prudential Financial (PFI).

The transaction, which was signed off last month, transfers the longevity risk of approximately 7,000 scheme members covering £1.7bn of liabilities. Under the terms of the transaction, the longevit...

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