Reading Time: 2 minutes In the longevity-hedging space, 2015 is on track to match 2014 as a record year for the total volume of hedging deals, highlighting the significance of this area within the pensions space. Following the Scottish & Newcastle deal in September 2015, the widely followed artemis.bm blog listed c£30bn of liabilties hedged so far in 2015 compared … More Live Long & Hedge?
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*
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