UK - Estimates of the total size of the bulk annuity buyout market for pension funds may have been overvalued by as much as £7bn (US$12.5bn), actuaries Punter Southall have suggested.
Given the volume of deals so far this year stands at around £6bn, more conservative estimates by Punter Southall suggest a final total of £8bn, almost half the figure of £15bn which has been widely...
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