2023 bulk annuity market volumes soar to record-breaking £49.1bn

Aon says 2023 saw ‘dramatic growth’ in the market for schemes below £100m

Martin Richmond
clock • 2 min read
2023 bulk annuity market volumes soar to record-breaking £49.1bn

2023 marked a record-breaking year for the UK’s bulk annuity market as the total volume of bulk annuity deals amounted to nearly £50bn, research from Aon finds.

The insurer's UK Risk Settlement Market Update 2023 revealed the bulk annuity market had a "stellar" year with total volumes reaching £41.9bn across 226 transactions, which surpassed the £43.8bn se...

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

FirstGroup Pension Scheme completes £90m buy-in with Aviva

FirstGroup Pension Scheme completes £90m buy-in with Aviva

Process completed on accelerated three month timetable to completion

Jonathan Stapleton
clock 15 October 2026 • 2 min read
Metallus UK Pension Scheme completes £40m buy-in with Royal London

Metallus UK Pension Scheme completes £40m buy-in with Royal London

Deal’s agreed buyout plan provides a clear pathway to the pension scheme's endgame

Jonathan Stapleton
clock 14 October 2026 • 1 min read
Updated: The biggest buy-ins and buyouts since 2007

Updated: The biggest buy-ins and buyouts since 2007

Professional Pensions rounds up the largest block transfers of liabilities to insurers

Professional Pensions
clock 13 October 2026 • 1 min read
Trustpilot