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Iain Church: This rapid growth means that even schemes traditionally considered too small to get quotes from multiple insurers now have more choice than ever before
Smaller defined benefit (DB) schemes are having additional opportunities and increased flexibility to consider a bulk purchase annuity (BPA) transaction due to an evolving risk transfer market, Hymans Robertson says.
The consultancy said that a growth in innovation among insurers, as well as an increase in the number of providers, has led to a "rapid" change in the traditional broking dynamic. It said that b...
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