Insurers expect to write more than £6bn of buyout and buy-in business in 2013 after a strong finish to 2012 saw £1.5bn in transactions, says JLT Employee Benefits.
An increase in gilt yields in 2013 could push up the price of buy-ins but improve the affordability of full buyouts, says Pension Corporation.
Rothesay Life co-head of business development Guy Freeman examines the role annuities can play in a portfolio.
JLT Pension Capital Strategies head of buyouts Martyn Phillips looks at how medically underwritten bulk annuity deals could cut the cost of de-risking.
More than a dozen schemes are undertaking medically underwritten buy-ins with Partnership, after the first two ‘enhanced' buy-ins were completed by the insurer last year.
Total bulk annuity business in by the end of 2012 was £4.4bn, compared to £5.2bn in 2011, Aon Hewitt research shows.
The Chamber of Shipping Retirement Benefits Plan has completed its second buy-in this year, paving the way for a full buyout of the scheme.
Pension Insurance Corporation saw a surge in profits last year after writing £1.5bn in new business.
The longevity swap market appeared to dry up in 2012, as new business dropped by more than two-thirds, according to data from Legal and General.
Engineering giant GKN has split its UK defined benefit scheme into two in its latest annual move to curtail scheme deficits and reduce risk, its 2012 final results reveal.