The LV= Employee Pension Scheme has entered into an £800m longevity swap with Swiss Re to hedge the longevity risk associated with more than 5,000 members.
Unusually, 1,000 of the members covered are yet to retire. The only other longevity hedging transaction to include non-pensioner members was the Pall deal last year (PP Online 1 February). The LV= swap...
The top stories this week were the High Court's decision to block the £12bn annuity transfer from Prudential to Rothesay Life, and a separate court ruling that 'raises the bar' for pension rectification exercises.
Guaranteed minimum pension (GMP) equalisation has soared to the top of pension schemes' to-do lists, with 58% stating it is a priority project, research from Equiniti has revealed.
Professional Pensions is holding its defined contribution (DC) conference on 4 September.