Consultants predict potential longevity market of £15bn (updated)

By 2009-05-13T15:00:00

Consultants predict potential longevity market of £15bn (updated)

[16:00 CEST 13-05] UK – Babcock International, the engineering firm, has in principle secured a deal to hedge some of its pensions longevity risk through the market’s first longevity swap, though consultants say the arena could quickly grow to be cover a potential £15bn (€17bn) in pension assets this year.

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