2024 was second largest year ever in UK PRT market with £0.5trn in deals predicted over next decade

L&G says global PRT market is on target for a ‘transformative’ period

Martin Richmond
clock • 3 min read
2024 was second largest year ever in UK PRT market with £0.5trn in deals predicted over next decade

2024 was the second largest ever year in the UK pensions risk transfer (PRT) market, with a “record” number of transactions secured, research from Legal & General (L&G) finds.

The firm's Global PRT Monitor report, published today (14 August), revealed the UK last year saw a record 299 buy-in and buyout transactions completed, with six insurers each writing more than £5bn...

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

Martin Richmond
Author spotlight

Martin Richmond

Senior Correspondent at Professional Pensions

More on Risk Reduction

DB funding remains steady in December, Broadstone finds

DB funding remains steady in December, Broadstone finds

Broadstone index finds both its modelled schemes made steady progress during 2025

Jasmine Urquhart
clock 08 January 2026 • 1 min read
NG Bailey scheme completes £155m buy-in with PIC

NG Bailey scheme completes £155m buy-in with PIC

Bulk purchase annuity transaction secures the benefits of 1,581 members

Martin Richmond
clock 08 January 2026 • 1 min read
Ability to act decisively and strategically in BPA market 'never been more critical'

Ability to act decisively and strategically in BPA market 'never been more critical'

Standard Life says trustees will continue to select insurers that provide bespoke solutions and pricing

Jasmine Urquhart
clock 07 January 2026 • 2 min read
Trustpilot