As the number of small bulk annuity deals have fallen year on year despite overall growth in the market, Kristian Brunt-Seymour explores how small schemes can avoid being squeezed out.
As insurers implement new capital buffers that make bulk annuities less profitable, Kristian Brunt-Seymour explores how it will impact the market.
If structured correctly longevity swaps should not form a barrier to schemes going on to do buy-ins or buyouts according to Murray Blake.
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.
Volumes of buy-ins and buy-outs exceeded £11bn for 2015 according to Lane Clark & Peacock (LCP).
The Alcatel-Lucent Pension Scheme has completed a £300m pensioner buy-in with Aviva.
Inchcape has wound up the TKM Group scheme through a buyout with Aviva that covers £300m of pension liabilities.
The trustees of the WYG scheme have agreed with the sponsor to de-risk its remaining liabilities with the aim of reaching a full buyout next year.
The impact of Solvency II on bulk annuity pricing will be limited, but schemes with generous options could see hefty increases, finds Jack Jones
Increased insurer competition, greater regulatory certainty and easier access to capital could boost the bulk annuity market 50% next year, according to a report from LCP.