BBC Pension Scheme finalises £6bn longevity swap with Zurich & MetLife

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Reinsurance News - Nov 20, 2025

The BBC Pension Scheme has completed a longevity swap transaction, covering approximately £6 billion of pensioner liabilities for around 21,000 members, with global insurer Zurich reinsurer MetLife. The deal is designed to provide the BBC Scheme – and the BBC as its sponsor – with furthe...

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