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

Hickson scheme completes £208m buy-in with Royal London

Hickson scheme completes £208m buy-in with Royal London

BPA transaction secures the benefits of more than 1,250 members of the scheme

Martin Richmond
clock 31 July 2026 • 1 min read
Aston Martin scheme and Aviva manufacture £180m full buy-in deal

Aston Martin scheme and Aviva manufacture £180m full buy-in deal

Transaction secures the benefits of 540 pensioners and 1,050 deferred members

Holly Roach
clock 29 July 2026 • 2 min read
Unnamed UK scheme and M&G complete £150m 'BPA-plus' transaction

Unnamed UK scheme and M&G complete £150m 'BPA-plus' transaction

Insurer’s proposition provides potential upside for members from discretionary bonus payments

Holly Roach
clock 29 July 2026 • 2 min read
Trustpilot