Increasing insurer competition helps schemes offload record liabilities

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The UK bulk annuity market exceeded £8.5bn in the first three quarters of 2014, making this year already the busiest on record, according to figures published today.

The increase has partly been driven by an increase in competition in the market, which has been dominated by Legal and General (L&G) Pension Insurance Corporation (PIC) and Rothesay Life in recent ...

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