Longevity swaps and the bulk purchase annuity market: Video interview with Simon Gadd, Legal & General’s head of annuities

Despite a fanfare of publicity when the first longevity swap deals were signed, widespread interest from pension funds has yet to translate into actual deals. In a video interview with Life & Pension Risk, Legal & General's head of annuities, Simon Gadd, points to unrealistic expectations over pricing and the sheer complexity of constructing such a new instrument. And with equity markets returning to – relative – strength, he argues that the traditional buyout may be retur