The MMC UK Pension Fund has entered into a £2 billion longevity swap and reinsurance arrangement with Munich Re, its first swap to include active members,
Mercer complete longevity hedge with MMC UK Pension Fund actuarialpost.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from actuarialpost.co.uk Daily Mail and Mail on Sunday newspapers.
Lloyds Banking Group Pensions Trustees has completed a second longevity hedging arrangement, protecting a further £5.5bn of liabilities with Scottish Widows and SCOR.
So far, DC plans have largely been focused on the onset of auto-enrolment and changes to the regulatory framework - be it the ‘charge cap, ‘pension freedoms or consultations around ‘value for money , says Annabel Tonry, Executive Director at J.P. Morgan Asset Management (JPMAM).Download
In 2015 George Osborne, then the UK Chancellor of the Exchequer, decided that those age over 55 could take much more of their pension in cash. This has since opened up a range of possibilities for DC scheme members in the world of pensions.Download
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