News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Longevity swaps get a new lease of life

Pension schemes are continuing to hedge their bets on ageing despite two banks pulling out of the market

Since the longevity swap market took off in 2009, 12 deals have been transacted, covering £14.2bn of UK pension scheme liabilities.

Despite this, UBS and Credit Suisse are pulling out of the longevity swap provider market, which some commentators have suggested is down to the new Basel III banking capital requirements.

WSJ Logo