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

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Reduction

LCP predicts over 300 buy-in deals will be completed in 2025

LCP predicts over 300 buy-in deals will be completed in 2025

Growth being driven by streamlined services for smaller schemes

Jonathan Stapleton
clock 14 March 2025 • 2 min read
Fuller's scheme completes full buy-in with Legal & General

Fuller's scheme completes full buy-in with Legal & General

Pub and hotel group said move demonstrates its financial strength and reduces liabilities

Jonathan Stapleton
clock 13 March 2025 • 1 min read
PP Endgame Summit: Two weeks to go!

PP Endgame Summit: Two weeks to go!

The summit will take place on Wednesday 26 March in London

Professional Pensions
clock 12 March 2025 • 1 min read
Trustpilot