Employers and pension scheme trustees have become very aware of the financial significance of continued improvements in life expectancy.
Until recently, the only way to eliminate longevity risk has been to purchase bulk annuities with an insurance company which, for many schemes, comes with too high a price tag. However, 2009 looks set...
The bulk annuity market had a record final quarter in 2015 as buy-in and buyout deals totalled £5.4bn, according to LCP.
The Pensions Institute has predicted there will be rapid growth in medically underwritten bulk annuities as schemes turn to ‘top-sliced' deals and traditional insurers get into the market.
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Aviva's exit from the large-scale UK bulk purchase annuity market due to disappointing returns will not affect competition, Aon Hewitt says.
Almost 100 bulk annuity and longevity swap deals worth more than £50m have taken place in the UK since 2007 as part of an international trend, Mercer research says.