In this episode James Parker is joined by Ian Aley from Willis Towers Watson and Amy Kessler from Prudential Financial, Inc. to discuss longevity swaps. In particular, the group looks at:
- What is longevity risk and what is a longevity swap?;
- What determines if / when schemes undertake a longevity swap or buy-in?;
- What is the legal structure of a longevity swap?;
- Market activity and factors driving activity; and
- COVID-19 - Should trustees defer longevity swaps or other de-risking transactions.
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