Insight Investment, a leading global asset and risk manager with £731.5bn (€806.5bn) under management1 has been appointed as collateral manager for a £5 billion longevity swap transaction between the Barclays Bank UK Retirement Fund (“the Fund”) and the Reinsurance Group of America.
The transaction will enable the Fund to manage a proportion of its longevity risk.
“We are very pleased to partner with the Barclays Bank UK Retirement Fund as it takes the next step on its de-risking journey,” said Serkan Bektas, Head of Insight’s Client Solutions Group. “This transaction is particularly timely given that longevity risk is receiving increased focus among pension schemes and we are well positioned to work closely with our clients who are seeking to maximise certainty of outcome and
achieve greater overall investment efficiency in their risk management frameworks,” he added.
