Lloyds completes three longevity hedging transactions valued at £4.8bn

The three transactions are structured as insurance policies with Rothesay Life

Holly Roach
clock • 2 min read
Lloyds completes three longevity hedging transactions valued at £4.8bn

Lloyds Banking Group Pension Trustees has entered into three further longevity hedging transactions, valued at £4.8bn.

The transactions include a £3.1bn arrangement for the Lloyds Bank Pension Scheme No.1, a £0.7bn deal for the Lloyds Bank Pension Scheme No.2, and a £1bn arrangement for the HBOS Final Salary Pensio...

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