Guernsey Leads The Way In Offering Longevity Risk Solution

Guernsey's position as the go-to jurisdiction for longevity risk transactions was outlined at a thought leadership event in London.

Hosted by Guernsey Finance, Longevity – is there life in captives? attracted more than 120 delegates who heard from John Coles, Head of Operations for the BT Pension Scheme, on how BT structured its record-breaking £16 billion longevity risk transfer and why a Guernsey-based structure was used.

"It was important for the trustees that they felt comfortable with the jurisdiction and Guernsey certainly meets that. It has a good legal framework and a good regulatory environment," said Mr Coles.

He added that Guernsey's utilisation of the incorporated cell company structure was also the most appropriate and practical way of meeting the needs of the transaction.