trending Market Intelligence /marketintelligence/en/news-insights/trending/WO6rKV8a5RWEaA9a5ibWGQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

HSBC UK pension scheme signs £7B longevity swap with Prudential Financial unit

Part Two IFRS 9 Blog Series: The Need to Upgrade Analytical Tools

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor


HSBC UK pension scheme signs £7B longevity swap with Prudential Financial unit

The HSBC Bank (UK) Pension Scheme has closed a longevity swap transaction with Prudential Financial Inc. subsidiary Prudential Insurance Co. of America to manage risk connected to £7 billion in pensioner liabilities.

The transaction is the second-largest deal ever for a U.K. pension scheme, according to a statement.

Willis Towers Watson served as lead adviser to the trustee, while Sackers acted as legal adviser. The trustee was also advised by Kramer Levin Naftalis & Frankel LLP in New York and Appleby (Bermuda) Ltd. in Bermuda. HSBC in Bermuda was advised by Allen & Overy LLP, Aon and Appleby (Bermuda) Ltd.

Prudential Insurance was advised by Willkie Farr & Gallagher LLP and ASW Law Ltd.