Overloaded bulk annuity market to kickstart superfunds
A burgeoning superfund market could be on the cards within three years as defined benefit (DB) scheme trustees and sponsors face myriad legislative, economic, and capacity issues, says Lane Clark & Peacock (LCP).
While DB consolidators are yet to complete their first deals, the consultancy predicted annual volumes could total more than £5bn by 2023 - as long as £1bn of transfers are completed within the next year....
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A third of DB benefits to be insured by middle of 2020s, says LCP
The number of defined benefit (DB) scheme members with benefits protected by an insurer will double by the middle of the decade, according to Lane Clark & Peacock (LCP).
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Just Group agrees £74m buy-in with engineering scheme
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Smiths Group completes £146m buy-in with Canada Life
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Prudential agrees £3.7bn longevity swap with Pacific Life
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