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 returning to favour.
The week on Risk.net, October 6-12, 2017Receive this by email
- Quantile, TriOptima face off in cleared swaps compression battle
- Leaked EU doc could shield legacy swaps from clearing grab
- ABS set for revival under US Treasury’s liquidity buffer plans
- SGX, HKEX expect to be among first wave of Mifid II equivalence
- Industry hails potential US relaxation of margin timing rules