BBC Pension Scheme completes £6bn longevity swap

Transaction with Zurich and MetLife is second step in scheme’s phased longevity hedging programme

Holly Roach
clock • 2 min read
BBC Pension Scheme completes £6bn longevity swap

The BBC Pension Scheme has completed a £6bn longevity swap with Zurich and MetLife.

The transaction covers around 21,000 members and is the second longevity swap the scheme has completed with Zurich, following a £3bn deal in 2020. The transactions hedge the risks associated with n...

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