New entrants to bulk annuity market set to expand trustee choice

Paper finds record levels of transactions likely to encourage insurers to re-enter the market

Martin Richmond
clock • 2 min read
Pearce: Trustees should consider whether their circumstances and priorities mean that they should approach a new entrant for quotations
Image:

Pearce: Trustees should consider whether their circumstances and priorities mean that they should approach a new entrant for quotations

Prospective new entrants to the bulk annuity market will grant trustees increased choice when selecting an insurer to conduct a risk reduction transaction, according to Hymans Robertson.

The consultancy's paper What new entrants mean for the bulk annuity market, published today (28 November), noted with record levels of transactions expected in 2023 and in the coming years, the inc...

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

Trinity Retirement Benefit Scheme completes £270m buy-in with M&G

Trinity Retirement Benefit Scheme completes £270m buy-in with M&G

Bulk purchase annuity transaction secures the benefits of over 3,200 members

Martin Richmond
clock 25 February 2026 • 2 min read
Bodycote UK Pension Scheme secures £60m buy-in with PIC

Bodycote UK Pension Scheme secures £60m buy-in with PIC

Transaction secures the benefits of all 680 scheme members

Holly Roach
clock 24 February 2026 • 2 min read
Black Arrow Group scheme secures £7m buy-in with PIC

Black Arrow Group scheme secures £7m buy-in with PIC

Transaction secures the benefits of the 61 scheme members not previously insured

Jonathan Stapleton
clock 19 February 2026 • 2 min read
Trustpilot