Merchant Navy Ratings Pension Fund secures £450m longevity swap

Transaction with MetLife will form part of the £1bn scheme’s investment portfolio

Holly Roach
clock • 2 min read
Merchant Navy Ratings Pension Fund secures £450m longevity swap

The Merchant Navy Ratings Pension Fund (MNRPF) has secured a £450m longevity swap with Metropolitan Life Insurance Company (MetLife).

The transaction will form part of the £1bn scheme's investment portfolio and means MetLife will manage the longevity risk of member liabilities, protecting the scheme from rising costs due to pensi...

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Holly Roach
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Holly Roach

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