Just when longevity swaps seem all but dead and buried, ITV surprises us and announces a £1.7bn deal with Credit Suisse to fully hedge the longevity risk for 12,000 of its pensioner members.
Under the contract - said to be the third-largest of its kind in the UK to date – the broadcast giant will make fixed monthly payments to Credit Suisse, who will, in turn, make payments to the sche...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
