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