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Zurich, a global insurer, and Mercer, a pensions, investments, and employee benefits consultancy, have launched a longevity hedge accessible to the majority of the United Kingdom’s defined benefit (“DB”) plans.

“Demand for DB de-risking solutions is increasing,” said Alan Baker, Mercer’s U.K. head of DB risk. “Combining longevity hedging with our successful fiduciary management service, this is an innovative, practical step opening up a cost-effective DB de-risking approach to schemes of all sizes. It’s a lower risk, higher return solution compared to alternatives like a pensioner buy-in. We have pre-agreed hedging terms with a panel of reinsurers fronted by Zurich, to allow clients access to the best prices because getting them competitive deals is crucial. It’s unique and we’re delighted to offer it in partnership with such a well-known global insurer.”

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