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...

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

£175bn DB surplus recorded last month, according to PwC

£175bn DB surplus recorded last month, according to PwC

Low Reliance Index which tracks 5,000 corporate DB schemes measured 119% funding ratio

Jasmine Urquhart
clock 10 July 2025 • 2 min read
FTSE 100 scheme surpluses hold firm at £50bn, LCP finds

FTSE 100 scheme surpluses hold firm at £50bn, LCP finds

LCP analysis sees funding levels at 118% as endgame developments ‘continue at pace’

Jasmine Urquhart
clock 10 July 2025 • 1 min read
Rothesay completes £400m refinancing for Unite Group

Rothesay completes £400m refinancing for Unite Group

Loan secured against a portfolio of 23 PBSA assets located across 15 cities in the UK

Jonathan Stapleton
clock 09 July 2025 • 1 min read
Trustpilot