Longevity swap market potentially larger than buyout sector: Pension Corporation
The UK's nascent longevity swap market could overtake the buyout sector in nominal terms as large corporates continue to focus on derisking their pension schemes, according to Pension Corporation chief financial officer, Rob Sewell.
Actuarial consultants Lane Clark & Peacock predicts that the UK's buyout market will conduct about £4 billion worth of deals in 2009 – half the £7.9 billion completed in 2008. But in a video interview with Life & Pensions, Sewell argued that this figure could be
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