Tag: investment

It’s good to hedge*

July 9, 2014

Reading Time: 4 minutes There has been a flurry of activity in the longevity swap market over the last 12 months culminating in the mammoth £16bn transaction announced in July 2014 between the BTPS and Prudential. We appear to be seeing a big increase in the size of individual deals, as well as the overall number of deals. Why … More It’s good to hedge*

Live long & prosper: pensions schemes, longevity risk & investment strategy

June 19, 2014

Reading Time: 6 minutes Intuitively we know that one of the largest single risks facing a defined-benefit pension fund is longevity – that of its members living longer. Its now well known of course that this risk has repeatedly hurt schemes in the past, as past predictions on the path of longevity improvements have proven to be incorrect.   … More Live long & prosper: pensions schemes, longevity risk & investment strategy