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13 January 2021

Converting the MNOPF £1.6bn longevity swap to a buy-in


We are delighted to invite you to our webinar briefing on lessons from a live transaction: Converting the MNOPF £1.6bn longevity swap to a buy-in.

We would like to welcome you to this exclusive briefing where you will have the opportunity to hear from Uzma Nazir, Head of Origination Structuring at Pension Insurance Corporation (PIC); Shelly Beard, Bulk Annuity and Longevity Hedging Specialist, from Willis Towers Watson; and Rory Murphy, Chair of Trustees of the Merchant Navy Officers Pension Fund (MNOPF), who will discuss the key considerations they had in preparing to convert the MNOPF £1.6bn longevity swap to a buy-in.

This session will focus on the following aspects followed by a live Q&A:

  • An insight into the process which the MNOPF Trustees went through when deciding to convert
  • What are the benefits of converting a longevity swap to a buy-in?
  • How insurers price a buy-in and what’s different when it’s a longevity swap conversion
  • What additional factors should be considered when converting a longevity swap?
  • How to structure an effective de-risking programme 
  • Tips for Trustees and how they can effectively structure a longevity swap
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Last update: 11 December 2020

Tim Middleton
Tim Middleton
Director of Policy and External Affairs
Uzma Nazir
Uzma Nazir
Pension Insurance Corporation
Head of Origination Structuring
Shelly Beard
Shelly Beard
Willis Towers Watson
Bulk Annuity and Longevity Hedging Specialist
Rory Murphy
Rory Murphy
Chair of Trustees

Home based Senior Pensions Administrators, Perm&FTC until Dec21

Salary: £25000 - £31000 pa

Location: England

Pensions Administrator - Berkshire

Salary: £20000 - £25000 pa

Location: Berkshire

Senior Pensions Administrator

Salary: £25000 - £31000 pa

Location: Birmingham, West Midlands