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PENSION RISK – PROVIDING SOLUTIONS - Allen & …
PENSION RISK PROVIDING SOLUTIONS . Longevity swaps CONTACTS. Our PENSION Risk group has completed several high-profile longevity swaps , and has acted on all sides of these transactions: for trustees, for sponsors and for providers. What is a longevity swap? Neil Bowden Partner Phillip Jarvis Partner A longevity swap transfers the risk of PENSION scheme Corporate Pensions Corporate Tel +44 20 3088 3431 Tel +44 20 3088 3381. members living longer than expected from PENSION schemes to an insurer or bank provider. The trustees of the PENSION scheme agree to pay a fixed series of payments, representing the expected benefits payable under the PENSION scheme plus a fee, in return for the swap provider paying the benefits that in fact fall due, based on actual scheme mortality. The trustees therefore have certainty over the payments that they are expected to make, even if scheme members live longer than expected.
www.allenovery.com Our specialist experience Longevity swaps are typically structured either as a derivative – using standard ISDA documentation – or an insurance
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