April 25, 2010

UK: Bespoke longevity risk options swell

. LONDON, England / The Financial Times / Pensions / April 25, 2010 Pension scheme trustees tackling the risk of members living longer than expected face an increasing number of providers and solutions to choose from as the buy-out market continues to evolve. More investment banks are entering the market – traditionally the domain of insurers – adding customised longevity swaps to the options of a pension scheme buy-out or buy-in, where a fund insures either the whole scheme or certain liabilities – typically pensions in payment. [rc] Click here to continue reading © Copyright The Financial Times Ltd 2010.