Almost 100 bulk annuity and longevity swap deals worth more than £50m have taken place in the UK since 2007 as part of an international trend, Mercer research says.
The consultancy's research also said the transfer of risk from scheme sponsors to third parties is accelerating, with more FTSE companies joining the trend. In 2011 alone, around 150 deals worth approximately...
The bulk annuity market had a record final quarter in 2015 as buy-in and buyout deals totalled £5.4bn, according to LCP.
The Pensions Institute has predicted there will be rapid growth in medically underwritten bulk annuities as schemes turn to ‘top-sliced' deals and traditional insurers get into the market.
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Aviva's exit from the large-scale UK bulk purchase annuity market due to disappointing returns will not affect competition, Aon Hewitt says.
Professional Pensions is set to hold an online risk reduction debate and publish a guide to Risk Reduction in July.