BTPS agrees £5bn longevity swap with RGA

Deal protects scheme from cost of unexpected increases in life expectancy of members

Holly Roach
clock • 1 min read
BTPS trustee chair Otto Thoresen
Image:

BTPS trustee chair Otto Thoresen

The BT Pension Scheme (BTPS) has completed a £5bn longevity swap with Reinsurance Group of America (RGA).

The scheme said the deal provides protection against the cost of unexpected increases in members' life expectancy. The longevity insurance and reinsurance arrangement with the scheme - which has...

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

More on Risk Reduction

Harwich Haven Authority scheme completes £45m buy-in with Royal London

Harwich Haven Authority scheme completes £45m buy-in with Royal London

Transaction secures the benefits of 125 pensioners and dependants and 45 deferred members

Holly Roach
clock 06 February 2026 • 2 min read
Bibby Line Group secures £55m buy-in with PIC

Bibby Line Group secures £55m buy-in with PIC

Transaction secures the benefits of 667 scheme members

Holly Roach
clock 04 February 2026 • 2 min read
How should schemes be approaching bulk annuity processes in 2026

How should schemes be approaching bulk annuity processes in 2026

Looking at emerging trends in the pension risk transfer market

Jonathan Stapleton
clock 04 February 2026 • 26 min read
Trustpilot