Brexit could give rise to better bulk annuity pricing
While the market volatility and falling gilt yields in the aftermath of the EU referendum is bad news for DB schemes, they could actually benefit from more attractive buy-in and buyout pricing. Kristian Brunt-Seymour explores which schemes could benefit most.
At a glance Bulk annuity pricing has improved by 5% since Brexit vote due to widening credit spreads Schemes that are well-hedged to a gilts-based funding target may benefit most Market...
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