Abstract
In December 2012, LV= completed a longevity swap deal with Swiss Re covering £800 m of liabilities in its employee staff pension scheme. It was the first pension scheme transaction that included lives that have yet to reach retirement age. The article explores, from the sponsor’s perspective, why including the deferred lives was such a desirable feature.
- © 2013 Pageant Media Ltd
Don’t have access? Register today to begin unrestricted access to our database of research.