U.K. pension fund longevity swap deals

Notable U.K. pension fund longevity swap deals since 2010.

Assets involved: $4.9 billionType of transaction: Longevity swapInsurer: Legal & GeneralDate: Feb. 21, 2013Country: U.K.
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In May 2012, Akzo Nobel unloaded £1.4 billion in U.K. pension liabilities to Swiss Re.
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In January 2012, Pilkington handed off £1 billion in U.K. pension liabilities to Legal & General.
Assets involved: $4.68 billionType of transaction: Longevity swapInsurer: Deutsche BankDate: Nov. 28, 2011Country: U.K.
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In August 2011, ITV handed off £1.7 billion in U.K. pension liabilities to Credit Suisse
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In July 2010, British Airways executed a pension buy-in deal with Goldman Sachs / Rothesay worth £1.3 billion as part of its merger with Iberia. It was the first of two such deals.
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In February 2010, BMW agreed to unload £3 billion in U.K. pension liabilities to Abbey Life and Deutsche Bank.