Bulk annuity market to hit £15bn next year - but will back book business squeeze out pension schemes?

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Increased insurer competition, greater regulatory certainty and easier access to capital could boost the bulk annuity market 50% next year, according to a report from LCP.

The consultant's eighth annual pension de-risking report predicted insurer capacity would increase to £15bn next year. If demand from schemes holds up, this means transaction volumes would comfo...

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