Pall PF, JP Morgan Sign Longevity Deal

Pall Pension Fund has completed a longevity hedge for non-retired members with JP Morgan.

Pall (U.K.) Pension Fund has completed a longevity hedge for non-retired members with JP Morgan, Professional Pensions reports. The £70million deal protects the pension fund against the risk that non-retired members of the plan live longer than expected.

The longevity is based on future values of JP Morgan’s LifeMetrics longevity index. The deal was executed and managed by Schroders on behalf of the fund, while Mercer provided the regulated advice and acted as independent broker in the deal.

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