Merchant Navy Officers Pension Fund Converts Longevity Swap to Buy-in
Posted on 02/11/2020
The U.K.-based Merchant Navy Officers Pension Fund signed a deal to insure £1.6 billion to secure the pensions of roughly 14,000 members. The pension converted a pensioner longevity swap into a buy-in with Pension Insurance Corporation (PIC). Willis Towers Watson advised the pension fund on the process to novate the longevity swap to an annuity. […]
