Big three insurers strengthen grip on bulk annuity market

clock

The three biggest bulk annuity insurers accounted for more than 90% of new business written in the six months to April according to research from Aon Hewitt.

The consultant's latest Risk Settlement Review found that Legal & General (L&G), Pensions Corporation (PIC) and Rothesay Life wrote 93% by value of cases in the first quarter of this year. These...

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

Givaudan scheme winds up, securing all member benefits with Aviva

Givaudan scheme winds up, securing all member benefits with Aviva

Aon advised the trustee during the process and Travers Smith provided legal advice

Holly Roach
clock 14 September 2026 • 1 min read
Special Melted Products secures £52m buy-in with Canada Life

Special Melted Products secures £52m buy-in with Canada Life

Deal secures the benefits of 430 pensioners and deferred members

Holly Roach
clock 14 September 2026 • 1 min read
Financial services scheme completes £100m 'BPA-plus' transaction with M&G

Financial services scheme completes £100m 'BPA-plus' transaction with M&G

Deal using BPA-plus proposition secures the benefits of 650 scheme members

Martin Richmond
clock 10 September 2026 • 2 min read
Trustpilot