Lloyds Banking Group Pensions Trustees has signed a £10bn longevity swap with Pacific Life Re.
It is the second-largest transaction ever completed in the UK after the £16bn BT Pension Scheme deal in 2014.
Lloyds Banking Group Pensions Trustees has signed a £10bn longevity swap with Pacific Life Re.
It is the second-largest transaction ever completed in the UK after the £16bn BT Pension Scheme deal in 2014.