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EN
WTW introduces Longevity Stream to expand swap access for UK defined benefit schemes
['Taylor Mixides']
ReinsuranceNe.ws
WTW, a global advisory, broking and solutions company, has introduced Longevity Stream, a new longevity swap offering aimed at making longevity risk management more accessible and cost-effective for UK defined benefit pension schemes.
The solution has been developed to address challenges that have historically limited the use of longevity swaps among smaller and medium-sized pension schemes.
Longevity Stream is intended for pension schemes with liabilities ranging from £100 million to £1 billion.
Longevity Stream incorporates pre-negotiated legal documentation developed with law firm CMS, together with a simplified operating model intended to reduce complexity and enable schemes to implement longevity swaps under a fixed-fee structure.
To find out more about longevity risk transfer and review details of completed transactions from across the market, visit the Artemis Longevity Risk Transfer Deal Directory.