News

MMC UK Pension Fund's first longevity swap transaction to include active members, under incorporated cell Fission Gamma IC Limited, will cover approximately £2 billion in liabilities for 14,500 pensioners, deferred and active defined benefit members. Fission Gamma, a new Guernsey-based incorporated cell, was created to insure the longevity risk of the fund and to reinsure this risk with leading global re-insurer Munich Re. Insuring longevity risk in this way enables the fund to protect itself financially against longevity risk.

MMC UK Pension Fund's first longevity swap transaction to include active members, under incorporated cell Fission Gamma IC Limited, will cover approximately £2 billion in liabilities for 14,500 pensioners, deferred and active defined benefit members. Fission Gamma, a new Guernsey-based incorporated cell, was created to insure the longevity risk of the fund and to reinsure this risk with leading global re-insurer Munich Re. Insuring longevity risk in this way enables the fund to protect itself financially against longevity risk.

MMC UK Pension Fund's first longevity swap transaction to include active members, under incorporated cell Fission Gamma IC Limited, will cover approximately £2 billion in liabilities for 14,500 pensioners, deferred and active defined benefit members. Fission Gamma, a new Guernsey-based incorporated cell, was created to insure the longevity risk of the fund and to reinsure this risk with leading global re-insurer Munich Re. Insuring longevity risk in this way enables the fund to protect itself financially against longevity risk.

MMC UK Pension Fund's first longevity swap transaction to include active members, under incorporated cell Fission Gamma IC Limited, will cover approximately £2 billion in liabilities for 14,500 pensioners, deferred and active defined benefit members. Fission Gamma, a new Guernsey-based incorporated cell, was created to insure the longevity risk of the fund and to reinsure this risk with leading global re-insurer Munich Re. Insuring longevity risk in this way enables the fund to protect itself financially against longevity risk.

The latest UN Emissions Gap Report has shown that rising greenhouse gas emissions mean global warming is unlikely to keep within the 1.5C threshold. This news, released by the UN environment programme, highlights the emissions gap and underscores the importance of investing in the transition of greenhouse gas heavy industries such as food production.