BT Pension Scheme completes £5 billion pension longevity swap
Employee Benefits
AUGUST 2, 2023
Telecommunications firm BT’s pension scheme has entered into a longevity reinsurance arrangement with Reinsurance Group of America (RGA), which covers £5 billion of pensioner liabilities. It will have no impact on BT’s cash contributions to the scheme, nor on the 2023 triennial valuation.
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