Covid-19 has caused a slowdown in the number of bulk annuity transactions, with buy-ins and buyouts expected to amount to a maximum of £25bn this year, Willis Towers Watson says.
The consultancy estimated total volumes would amount to a minimum of £20bn, less than half of the £44bn recorded last year, and lower than the £24bn recorded in 2018. So far this year, around £7.6b...
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