BT Pension Scheme completes £5bn longevity swap with RGA
Reinsurance News - Aug 01, 2023
The BT Pension Scheme (BTPS) has entered into a longevity reinsurance arrangement with Reinsurance Group of America (RGA) which will further protect BTPS from the cost of unexpected increases in the life expectancy of its members. As mentioned, the arrangement covers £5bn of BTPS pensioner liabiliti...
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