Trustee Director Steve Southern recently acted as the independent Trustee, in a successful longevity swap for a UK pension scheme of a Fortune 500 company.

The deal utilised an alternative way to remove longevity risk – so no upfront payment, allowing the scheme to retain more assets either to provide additional asset returns in the future or to support an interest rate and inflation hedging strategy.

On conclusion of the deal, Steve commented: “The Trustees are delighted to have taken yet another step on the journey to secure benefits for our members without taking avoidable risks. We are delighted with the support received from Hymans Robertson and Gowling for this transaction and for the clarity of strategic advice leading up to this transaction.”

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