Peter Goshawk News Today

The pension fund aims to hedge against any unexpected rise in life expectancies.

The trustee of the Barclays Bank UK Retirement Fund (UKRF) has insured £7bn of its liabilities against longevity risk, with reinsurance provided by an insurance subsidiary of Prudential Financial.

News analysis, case studies and informed comment on the challenges facing UK pension schemes, from Pensions Expert, a DG Publishing service

Sail World - The world's largest sailing news network; sail and sailing, cruising, boating news

Barclays Bank UK Retirement Fund integrates ESG and climate risk into £1.3bn DGF The Barclays Bank UK Retirement Fund (Barclays UKRF) has integrated ESG factors and climate risk into a £1.3bn diversified growth fund (DGF) portfolio used for its defined contribution (DC) scheme. The DGF - managed by BlackRocks factor-based strategies group - is the main building block within the default option of the Barclays UKRFs DC plan. The trustees of the scheme said the integration reflects the schemes r...

Barclays Retirement Fund completes £5bn longevity swap with Reinsurance Group of America The Barclays Bank UK Retirement Fund has completed a £5bn longevity swap with Reinsurance Group of America (RGA). The scheme said the longevity swap helps protect it from the financial risk of an unexpected increase to life expectancy for current pensioners. It said this was another important step in the trustees journey to reduce risks in the scheme, and makes the fund more secure for the benefit of all ...