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

Martin Richmond
Author spotlight

Martin Richmond

Senior Correspondent at Professional Pensions

More on Risk Reduction

Iveco Limited Pension Scheme secures £100m buy-in with Aviva

Iveco Limited Pension Scheme secures £100m buy-in with Aviva

Transaction secures the benefits of all 225 deferred and 1,127 pensioner members

Holly Roach
clock 08 April 2026 • 2 min read
Financial services sector pension scheme secures £40m buy-in with Canada Life

Financial services sector pension scheme secures £40m buy-in with Canada Life

Transaction secures the benefits of around 80 pensioners and 60 deferred members

Holly Roach
clock 02 April 2026 • 1 min read
Increased insurer competition for smaller BPA transactions in 2025, Aon finds

Increased insurer competition for smaller BPA transactions in 2025, Aon finds

Consultancy’s risk settlement update shows majority of transactions completed were under £100m

Martin Richmond
clock 30 March 2026 • 2 min read
Trustpilot