Airways Pension_scheme buys £340M longevity swap to protect against members living longer.

The Airways Pension Scheme has secured a £340 million longevity swap deal with MetLife to protect against the financial impact of members living longer than expected. Zurich UK acted as the intermediary, transferring 100% of the longevity risk associated with about 1,100 members to MetLife. This deal is part of a series of transactions aiming to manage pension risks effectively, with this being the second such swap in 2024.

3 months ago
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