Bulk annuity volumes – 'the stage is set' to reach 2023 records

Total volumes for the year should comfortably exceed £40bn

clock • 6 min read
Rosie Fantom and Andy Smith: A number of large deals entered the market in May and June, ready to provide a healthy boost to second half volumes.
Image:

Rosie Fantom and Andy Smith: A number of large deals entered the market in May and June, ready to provide a healthy boost to second half volumes.

As we enter the second half of 2024, and in advance of insurers publishing their half year data, Barnett Waddingham’s Rosie Fantom and Andy Smith outline how the stage is set for volumes to get close to the record £49.1bn seen in 2023.

Premiums Outside of Rothesay's £6bn purchase of Scottish Widows' back book (subject to regulatory approval), it has been a slow start to the year for large transactions. As we moved into 2024...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Reduction

Lowman Pension Scheme completes £10m full buy-in with L&G

Lowman Pension Scheme completes £10m full buy-in with L&G

BPA transaction fully secures the benefits of all 115 members of the scheme

Martin Richmond
clock 03 June 2026 • 2 min read
Hartwells Pension Plan agrees £160m buy-in with Just Group

Hartwells Pension Plan agrees £160m buy-in with Just Group

Transaction secures the benefits of all 2,361 scheme members

Holly Roach
clock 03 June 2026 • 3 min read
Church of Scotland scheme agrees £220m buy-in with Just Group

Church of Scotland scheme agrees £220m buy-in with Just Group

Transaction secures the benefits of 2,800 pensioner members and 700 deferred members

Holly Roach
clock 28 May 2026 • 2 min read
Trustpilot