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

Amtico scheme secures £52m buy-in with Standard Life

Amtico scheme secures £52m buy-in with Standard Life

BPA transaction secures the benefits for 425 members of the scheme

Martin Richmond
clock 25 September 2025 • 3 min read
L&G completes £1.6bn buy-in with the BP Pension Fund

L&G completes £1.6bn buy-in with the BP Pension Fund

PRT deal included gilt-based price lock and marks first transaction for £18bn scheme

Jonathan Stapleton
clock 25 September 2025 • 2 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 25 September 2025 • 1 min read
Trustpilot