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

More on Risk Reduction

The era of choice in DB endgames

The era of choice in DB endgames

Rosie Twist asks how trustees should consider the differences between their options

Rosie Twist
clock 08 May 2026 • 5 min read
M&G expects BPA volumes to continue year-on-year growth following with-profits launch

M&G expects BPA volumes to continue year-on-year growth following with-profits launch

Firm’s Q1 trading update says BPA growth will be weighted towards second half of year

Jonathan Stapleton
clock 07 May 2026 • 2 min read
Bakkavor Pension Scheme completes £160m buy-in with Rothesay

Bakkavor Pension Scheme completes £160m buy-in with Rothesay

Transaction secures the benefits of all 2,216 scheme members

Holly Roach
clock 05 May 2026 • 2 min read
Trustpilot