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Charlie Finch: 2023 saw several pension risk transfer records surpassed
The UK pension risk transfer market completed a staggering £49.1bn of buy-ins and buyouts in 2023, including £0.9bn written by new market entrants M&G and Royal London, eclipsing the previous record set in 2019 of £43.8bn.
Analysis of insurers' 2023 results by Lane Clark & Peacock (LCP) showed that, in addition, £10.3bn of longevity swaps completed, and £0.6bn was transferred to Clara Pensions in the UK's first super...
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