Clive Wellsteed highlights the volume of longevity swap transactions
9 January 2012

The volume of UK pension buy-ins, buy-outs and longevity swaps surpassed £10bn for the first time in 2011, according to Lane Clark & Peacock, as pension funds increasingly looked to hedge risks in the face of growing deficits.

"It is a significant milestone in the business driven by more longevity swaps.  We expect transactions to reach at least £10.5bn, a figure that will increase once fourth-quarter deals are included," said Clive Wellsteed, head of LCP's buy-out practice.

Financial Times
9 January 2012