Swap till you drop

Longevity

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Long talked about in theory, longevity swaps look poised to become a mainstream reality. Investment bank Credit Suisse has been bullishly predicting it will sign a deal with a pension scheme "within weeks" at various recent conferences - although it declined to go on record. Others are making less firm predictions. Mark Wood, chief executive of buyout firm Paternoster, confirms quoting on a dozen separate longevity swaps, but is less sure of the timetable for this to translate into deals. "It is

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