M&G sees 65% year-on-year increase in BPA market

Firm wrote £1.5bn of BPAs in 2025, with £1bn written in Q4 alone

Holly Roach
clock • 1 min read
M&G sees 65% year-on-year increase in BPA market

M&G wrote £1.5bn of bulk purchase annuities (BPA) in 2025, around a 65% year-on-year increase.

The organisation confirmed it completed 11 BPA transactions last year, delivering new business volumes of £1.5bn – with £1bn written in Q4 alone. Some key deals it completed in 2025 include its ...

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