Tags: LV

LV= Announces GBP 800 million longevity insurance cover for its UK pension fund

GBP 800m (USD 1.3 billion) longevity insurance contract covering over 5,000 members of the LV= pension fund The agreement includes insurance for members who have not yet retired The contract insulates the pension scheme from longevity risks for pensioners as well as many older deferred members Mutual insurance, retirement and investment group LV= has completed…