Mercer has launched a service to give clients up to date buy-in and buyout pricing based on their scheme's data.
The Mercer Pension Risk Exchange collects prices provided monthly by all seven insurers in the bulk market, based scheme benefit structures and member data.
The service was launched in the US in June and is now being made available to UK clients.
Mercer said it represented a "great leap forward in the management of defined benefit (DB) pensions risk".
Mercer UK head of DB risk Alan Baker said: "Many companies have the appetite to transfer pension risk off their balance sheet but they face barriers: lack of clear information about the true cost of a buy-in or buyout, limited transparency, the fluctuation of market rates and scheme economics to name but a few.
"Mercer Pension Risk Exchange empowers sponsoring employers and trustees to be more strategic and sophisticated in their approach and to know that they are executing a buy-in or a buyout at the best time for them and at a competitive price."
Legal and General director of UK pension risk transfer for core business Phill Beach said the de-risking market was entering an exciting period, as firms came up with innovative offerings.
"Timing can often be the most important factor in realising best value," he added.
Partnership director of DB solutions Costas Yiasoumi said: "For the first time the exchange brings a market place approach to bulk annuity sales and purchases. It matches pension scheme demand and insurer capacity in a way not done before. This will support purchase decisions by trustees, capacity allocation by insurers and in the end real transactions, all of which can only be beneficial."
Aviva Life & Pensions has concluded an £875m buy-in with its own staff pension scheme, following on from a similar transaction last year.
Just Group has completed a £74m pensioner buy-in with the UK pension scheme of a US-listed engineering business.
The Smiths Industries Pension Scheme has secured a £146m buy-in with Canada Life in its fourth bulk annuity and its sponsor’s tenth overall.
The Prudential Staff Pension Scheme has entered into a £3.7bn longevity swap with Pacific Life Re, insuring the longevity risk of over 20,000 pensioners.
The Baker Hughes (UK) Pension Plan has secured approximately £100m of liabilities through a buy-in with Just Group.