Lloyds completes two longevity hedging transactions valued at £5.1bn

Third and fourth transactions protect schemes from cost of unexpected increases to life expectancy

Holly Roach
clock • 3 min read
Lloyds completes two longevity hedging transactions valued at £5.1bn

Lloyds Banking Group Pension Trustees has entered into two longevity hedging transactions valued at £5.1bn.

The transactions include a £2.1bn arrangement for the Lloyds Bank Pension Scheme No.2 Scheme and a £3bn deal for the HBOS Final Salary Pension Scheme. The group's third and fourth transactions o...

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

UK PRT market surpasses £500bn after 'record activity'

UK PRT market surpasses £500bn after 'record activity'

Hymans predicts £1trn of pension scheme liabilities will have been insured by 2035

Holly Roach
clock 29 January 2026 • 2 min read
Primula scheme signs £6.6m buy-in deal with PIC

Primula scheme signs £6.6m buy-in deal with PIC

Transaction secures the benefits of all 74 scheme members

Holly Roach
clock 27 January 2026 • 2 min read
Finnair secures £4m full scheme buy-in with Aviva

Finnair secures £4m full scheme buy-in with Aviva

The buy-in deal was converted to a buyout within two months of the initial transaction

Holly Roach
clock 26 January 2026 • 2 min read
Trustpilot