Insurer expects a total market of £40bn for 2023 and targets investment of £300m a year
Improved funding levels have prompted trustees to reduce illiquid asset allocations
Majority of DB trustees will approach insurer about de-risking in the near future
Hymans Robertson predicts value of bulk annuities market to reach £25bn in H1 2023
The bulk annuity deal insures the DB liabilities for around 3,700 members
Market outlook remains ‘positive’ despite recent volatility
Consultants say bulk annuity pricing could go either way depending on final reforms