2025 saw buy-in volumes fall but total numbers 'surge'

Hymans said overall volumes dropped by more than 20% but numbers set a new record

Holly Roach
clock • 2 min read
Hymans partner and risk transfer specialist Michael Abramson
Image:

Hymans partner and risk transfer specialist Michael Abramson

Buy-in volumes fell in 2025, but the overall number of deals increased – particularly among smaller schemes – as the market continues to shift, Hymans Robertson finds.

A report from the consultancy revealed buy-in volumes ended last year at £38.2bn, a drop of more than 20% compared to the £47.8bn figure in 2024. Breakdown of bulk annuity transactions since 202...

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

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
CH Johnson Pension Plan completes £11m buy-in with Just Group

CH Johnson Pension Plan completes £11m buy-in with Just Group

Transaction secures the benefits of all 147 scheme members

Holly Roach
clock 24 April 2026 • 2 min read
Trustpilot