Scor in largest ever longevity transaction

£5.5bn longevity transaction covering Lloyd’s Bank pension scheme

SCOR has completed its largest ever longevity transaction, a £5.5bn deal with Lloyds Banking Group Pensions Trustees covering the liabilities of more than 17,000 members of the Lloyds Bank No. 1 Pension Scheme. Scor said the transaction protects the trustees of the scheme by transferring the risk th...

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