BNP Paribas today launched the first bond directly targeting UK pension fund liabilities with cash flow based against the life expectancies of pension scheme members.

The £540m Longevity Bond, designed by BNP Paribas and PartnerRe, a seller of risk assumption products to the insurance and capital markets, is issued by the European Investment Bank.

New BNP Paribas bond targets UK pension liabilities

Hugh Wheelan

BNP Paribas

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