By IPE Staff2021-05-13T12:01:00+01:00 A Fujitsu pension scheme – the ICL Group Pension Plan – has insured its longevity risk over £3.7bn (€4.3bn) in liabilities with Swiss Re providing the reinsurance coverage. The scheme, under the advice of Willis Towers Watson (WTW), was also able to optimise pricing by using a new Insight Investment platform to provide access to the reinsurance market via a trustee-owned Guernsey insurance cell. The Insight Investment platform was built specifically to facilitate the use of longevity swaps by pension schemes, said Serkan Bektas, head of client solutions group at the firm. “Our aim is to pioneer flexible and efficient approaches to hedging longevity risk,” he added.