Total transaction volume for 2021 almost £30bn, says L&G

Global pension risk transfer monitor estimates a significant year of deals ahead

Hope William-Smith
clock • 1 min read
A total of £22bn is confirmed as secured for H2 2021 so far
Image:

A total of £22bn is confirmed as secured for H2 2021 so far

Improved pension scheme funding levels and competitive longevity reinsurance pricing drove total transaction volume in the risk reduction market to almost £30bn in 2021, Legal & General (L&G) estimates.

The firm's global pension risk transfer (GPT) monitor - which analyses industry trends and market outlooks in the UK and US - saw strong growth in the second half of last year in the UK which is pr...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Reduction

WTW launches streamlined longevity swap solution

WTW launches streamlined longevity swap solution

Fixed-fee service aims to provide better reinsurance access for sub-£1bn schemes

Jonathan Stapleton
clock 28 July 2026 • 1 min read
20 pension schemes join Isio's PenUltimate Micro solution

20 pension schemes join Isio's PenUltimate Micro solution

Smaller DB scheme solution was launched last year to help with the insurance process

Holly Roach
clock 27 July 2026 • 1 min read
M&G completes £100m 'BPA-plus' transaction for Miller Insurance

M&G completes £100m 'BPA-plus' transaction for Miller Insurance

Proposition provides potential upside for members from discretionary bonus payments

Jonathan Stapleton
clock 24 July 2026 • 2 min read
Trustpilot