M&G announces third bulk annuity deal since re-entering market

Insurer signed a £309m deal with unnamed scheme on 15 March

Jonathan Stapleton
clock • 1 min read
M&G announces third bulk annuity deal since re-entering market

M&G signed a third bulk annuity deal with a £309m premium on 15 March 2024, the firm’s results for the year to 31 December 2023 reveal.

It said it now expected to achieve £1bn to £1.5bn in bulk annuity sales per annum going forward. Today's announcement comes after M&G announced its re-entry to the bulk annuity market with the c...

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

Elementis Group Pension Scheme completes £300m buy-in with Aviva

Elementis Group Pension Scheme completes £300m buy-in with Aviva

Transaction secures the benefits of 4,500 scheme members

Holly Roach
clock 03 August 2026 • 3 min read
Aon launches Future DB to streamline endgame journeys

Aon launches Future DB to streamline endgame journeys

Head of UK retirement Ben Roe says newly announced surplus flexibilities are prompting schemes to revisit endgame decisions

Jonathan Stapleton
clock 03 August 2026 • 4 min read
Hickson scheme completes £208m buy-in with Royal London

Hickson scheme completes £208m buy-in with Royal London

BPA transaction secures the benefits of more than 1,250 members of the scheme

Martin Richmond
clock 31 July 2026 • 1 min read
Trustpilot