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ARTICLE · 03 FEBRUARY 2025

What's Going On In The Longevity Swap Market?

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In this article, Matt Wiberg and Filipa Eastham share their views on current trends in the longevity swap market.

United KingdomInsurance
Matt Wiberg
Matt Wiberg
Filipa Eastham
Filipa Eastham

In this article, Matt Wiberg and Filipa Eastham share their views on current trends in the longevity swap market.

With many pension schemes seeing improvements in their funding levels in recent years, trustees and sponsors are looking to reduce risks. In particular, as increased uncertainty around future mortality rates and longevity grows, 2025 presents an opportunity for pension schemes to lock in the attractive longevity pricing that is currently being seen in the market.

Whilst for many trustees and sponsors this may mean considering a full scheme buy-in, we are also seeing an increasing number keen to explore how they can manage longevity risk through longevity swaps.

What happened in the longevity swap market in 2024?

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