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

Ultra Electronics Scheme completes £250m buy-in with Just Group

Ultra Electronics Scheme completes £250m buy-in with Just Group

Deal secures benefits of over 1,000 pensioners and 750 deferred members

Jasmine Urquhart
clock 16 September 2025 • 2 min read
Welcome Break Pension Plan agrees £23m buy-in with Just Group

Welcome Break Pension Plan agrees £23m buy-in with Just Group

The transaction secures the benefits of all 348 scheme members

Holly Roach
clock 12 September 2025 • 2 min read
Utmost looks to client proposition following BPA progress this year

Utmost looks to client proposition following BPA progress this year

Insurer ‘proud’ of momentum in the year since its launch into bulk annuity market

Jonathan Stapleton
clock 10 September 2025 • 1 min read
Trustpilot