Airways Pension Scheme completes £340m longevity swap with MetLife

Deal structured as insurance arrangement between scheme trustee and Zurich UK

Holly Roach
clock • 3 min read
Airways Pension Scheme completes £340m longevity swap with MetLife

The Airways Pension Scheme has secured a £340m longevity swap with the Metropolitan Life Insurance Company (MetLife).

The transaction will form part of the scheme's investment portfolio and means MetLife will manage the longevity risk of member liabilities and provide long-term protection to the scheme against run...

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Holly Roach
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Holly Roach

Deputy Editor at Professional Pensions

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