The Co-operative Pension Scheme (Pace) has entered into its fourth bulk annuity transaction of 2020, agreeing a £350m buy-in with Aviva.
BAE systems has entered into longevity swaps with Legal & General (L&G) covering £1.7bn of liabilities in two of its schemes.
The longevity swap market appeared to dry up in 2012, as new business dropped by more than two-thirds, according to data from Legal and General.
BAE Systems has agreed a £3.2bn longevity swap to cover 31,000 pensioners, in the UK's largest pensions insurance transaction.
Legal & General intends to extend the longevity swap market to cover smaller schemes, after completing a £1bn deal with the Pilkington Superannuation Scheme.