BPA market saw nearly 300 deals in 2024 with insurer competition a key driver

Aon risk settlement update shows growth particularly in sub-£100m segment

Holly Roach
clock • 1 min read
BPA market saw nearly 300 deals in 2024 with insurer competition a key driver

The bulk purchase annuity (BPA) market saw 293 transactions in 2024, largely driven by streamlined offerings and increased insurer competition, Aon says.

The consultancy's 2024 UK Risk Settlement Market Update shows there was particular growth in the sub-£100m segment, with 78% of all transactions during the year under £100m. It also showed sever...

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

Lowman Pension Scheme completes £10m full buy-in with L&G

Lowman Pension Scheme completes £10m full buy-in with L&G

BPA transaction fully secures the benefits of all 115 members of the scheme

Martin Richmond
clock 03 June 2026 • 2 min read
Hartwells Pension Plan agrees £160m buy-in with Just Group

Hartwells Pension Plan agrees £160m buy-in with Just Group

Transaction secures the benefits of all 2,361 scheme members

Holly Roach
clock 03 June 2026 • 3 min read
Church of Scotland scheme agrees £220m buy-in with Just Group

Church of Scotland scheme agrees £220m buy-in with Just Group

Transaction secures the benefits of 2,800 pensioner members and 700 deferred members

Holly Roach
clock 28 May 2026 • 2 min read
Trustpilot