Unrealistic pricing expectations impede development of longevity swap market

market volatility

The development of the longevity swap market is being held back by the unrealistic pricing expectations held by advisers and their pension trustee clients, according to Simon Gadd, head of annuities at London-based Legal & General.

Despite a barrage of publicity when Babcock signed the first longevity swap deal in 2009, only another five transactions between pension schemes and banks or reinsurers have been performed to date. The most recent deal was between Airways Pension Scheme, one of

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: