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

Utmost Group announces sale of BPA business to JAB Insurance

Utmost Group announces sale of BPA business to JAB Insurance

Deal with Miami-based insurer comes as Utmost looks to focus on wealth solutions

Jonathan Stapleton
clock 22 December 2025 • 2 min read
Healthcare sector pension scheme secures £189m buy-in with Canada Life

Healthcare sector pension scheme secures £189m buy-in with Canada Life

Deal secures the benefits of 1,100 deferred members and over 600 members with pensions in payment

Holly Roach
clock 19 December 2025 • 2 min read
Skanska Pension Fund agrees £525m full buy-in with Standard Life

Skanska Pension Fund agrees £525m full buy-in with Standard Life

Transaction secures the benefits of 5,500 scheme members

Holly Roach
clock 18 December 2025 • 2 min read
Trustpilot