Bulk annuity providers bump up ESG activities

But only half are currently reporting on climate risks using TCFD model

James Phillips
clock • 2 min read
Willis Towers Watson head of pension risk transfer Ian Aley
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Willis Towers Watson head of pension risk transfer Ian Aley

Bulk annuity providers have seen a 60% improvement in their ESG activity according to ratings of eight insurers from Willis Towers Watson.

The consultancy rated each insurer on a scale of one to three for four areas: firm-wide policies, bulk annuity portfolio policies, climate risk, and stewardship. With three firms reporting in the survey...

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