Sackers advises on £1.7bn longevity transaction for Nationwide Pension Fund
Nationwide Pension Fund has announced the completion of a major longevity risk transfer transaction with Zurich Assurance Ltd and Prudential Financial Inc. Sackers is the longstanding adviser to the Trustee of the Fund and advised them throughout the project. The transaction transfers the longevity risk of approximately £1.7bn of pension scheme liabilities covering approximately 7,000...