BPA market sees record activity levels in H1 2025

LCP finds total market volumes expected to exceed £40bn for third year running

Martin Richmond
clock • 4 min read
BPA market sees record activity levels in H1 2025

The bulk purchase annuity (BPA) market saw record levels of activity in the first half of the year, with total market volumes expected to again exceed £40bn, research by LCP shows.

The consultant's analysis of insurance company data revealed 155 buy-in/buyout transactions were completed by defined benefit (DB) pension schemes in the first six months of the year. It said 2025 ...

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

Biffa Pension Scheme completes £275m buy-in with Standard Life

Biffa Pension Scheme completes £275m buy-in with Standard Life

Transaction secures the benefits of 3,070 scheme members

Holly Roach
clock 20 October 2026 • 1 min read
FirstGroup Pension Scheme completes £90m buy-in with Aviva

FirstGroup Pension Scheme completes £90m buy-in with Aviva

Process completed on accelerated three month timetable to completion

Jonathan Stapleton
clock 15 October 2026 • 2 min read
Metallus UK Pension Scheme completes £40m buy-in with Royal London

Metallus UK Pension Scheme completes £40m buy-in with Royal London

Deal’s agreed buyout plan provides a clear pathway to the pension scheme's endgame

Jonathan Stapleton
clock 14 October 2026 • 1 min read
Trustpilot