Swiss Re has confirmed it was the counterparty behind a £750m longevity swap with the Royal County of Berkshire Pension Fund.
The insurer said the deal with the local authority marked the first pure longevity risk transfer written for any government body worldwide. It is the third such deal in the UK. The contract transferred...
The Centre for Social Justice is calling for the state pension age to be raised to 70 by 2028 and to 75 by 2035, a much faster rise than currently planned.
The High Court has blocked the £12bn transfer of Prudential's annuity book to Rothesay Life, citing the insurer's lack of "established reputation" and differing "capital management policies".
This week's top stories included Legal & General acquiring MyFutureNow to provide a dashboard service to customers, while also agreeing a hybrid buy-in with a Hitachi scheme.