Longevity Risk
Risk Reduction
BAE Systems has agreed a £3.2bn longevity swap to cover 31,000 pensioners, in the UK's largest pensions insurance transaction.
21 February 2013
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Risk Reduction
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.
10 December 2012
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Industry
More than £12bn of scheme risk was transferred to insurers last year after a small number of huge deals in the final quarter gave the market a significant boost, says Aon Hewitt.
21 May 2012
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Defined Benefit
Ford Motor Company has offered retired members of its US defined benefit pension scheme lump sum payments in order to reduce its liabilities, according to reports.
30 April 2012
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Industry
Sky high gilt prices at the start of 2012 have increased the attractiveness of bulk annuities for schemes holding gilts, a survey says.
24 April 2012
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Risk Management
UK public sector debt could soar to £750bn if the government does not address longevity risk, the International Monetary Fund has warned.
12 April 2012
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Risk Management
More than eight in ten pension funds take one month or longer to make investment decisions, according to a survey carried out by Schroders.
12 April 2012
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Bulk Annuities
Pension Corporation captured £600m of new business last year taking its number of policy holders to 55,000, but saw its annual profits tumble.
28 March 2012
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Risk Management
The Life and Longevity Markets Association has launched a set of four indices to be used a global reference for the transfer of longevity risk to investors.
21 March 2012
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Industry
Longevity swaps are rapidly outpacing the value of buyout and buy-in deals with risk transfer volumes hitting a new high of £11bn last year, latest figures show.
11 January 2012
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