UK - Pension schemes transferred more than £4bn (US$6bn) of liabilities in Q1 making it the highest ever quarter for risk transfer, Hymans Robertson said.
The consultant's Managing Pension Scheme Risk Report for Q1 2010 also revealed schemes completed a record £11bn worth of scheme risk transfer deals in the year to March 31. Longevity swaps reached £7.1bn...
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.
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.