By Susanna Rust2020-12-15T17:12:00+00:00 The BBC Pension Scheme has completed a longevity swap that covers more than £3bn (€3.3bn) of pensioner liabilities, while the Aon Retirement Plan has completed a £510m pensioner buy-in, according to a pair of risk transfer announcements today. Zurich Life was the insurer in the BBC transaction, with reinsurance provided by Canada Life Reinsurance. The longevity insurance policy, the first the BBC scheme has entered into, relates to around one-third of the scheme’s pensioner and dependent liabilities. It is the seventh longevity swap to have been announced this year, according to IPE, and comes after the announcement of a £5bn deal for Barclays Bank yesterday. The largest longevity swap of 2020 for a UK pension fund remains Lloyds Banking Group’s £10bn deal from January.