Longevity Swaps
Manage the risk of paying benefits for longer than expected due to increasing longevity. You transfer the longevity risk to Rothesay Life, but retain direct control of your assets.
How it works
The trustees of the pension scheme agree to pay expected benefits to Rothesay Life via a schedule of monthly premiums (based on certain longevity assumptions); in return, we make the actual insured benefit payments to the scheme for as long as the insured members continue to live.
The scheme maintains links with the members and continues to administer the payments to members.
Why it is secure
As Rothesay Life is an insurer regulated by the Financial Services Authority (FSA), we must hold surplus assets (capital). These assets are monitored by the FSA to ensure we can meet insured payments – even in an economic downturn.
Options
For examples of our longevity swaps solutions,
To discuss how we can help you, call us now on +44 (0) 20 7552 4944