Slaughter and May advised Zurich on its £6 billion longevity swap deal covering pension liabilities of the BBC Pension Scheme

Slaughter and May advised Zurich Assurance Ltd (“Zurich”) on its longevity swap with the BBC Pension Scheme and Metropolitan Life Insurance Company. The longevity swap covers approximately £6 billion of pensioner liabilities representing around 21,000 members of the BBC Pension Scheme.

Slaughter and May was delighted to work closely once again with Zurich’s Longevity Risk Transfer team, having advised them on four previous transactions in the longevity derisking space in recent years.