Insurers and consultants have set up an industry-wide committee to develop a good practice guide for medically underwritten bulk annuity transactions.
Jack Jones examines whether there are benefits for early movers in the medically underwritten bulk annuity market
Shares in Just Retirement have been priced at 225p each ahead of its initial public offering (IPO), based on a market capitalisation of £1.1bn.
The volume of premiums in bulk annuity deals reached a record £3.9bn between July and September, research from LCP shows.
Just Retirement has completed its first £3.2m individually underwritten buy-in of pensions in payment with a firm in the legal sector.
Just Retirement is considering creating a directory of consultants who are willing to advise small and medium sized schemes on medically underwritten buy-ins.
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.
More Britons are working beyond the state pension age as they delay retirement, according to data from the Office for National Statistics.
Jack Jones looks at the impact of the first enhanced bulk annuity transactions to be completed
Government figures revealing a third of retirees are obese show retirees are not shopping around for annuities, according to Just Retirement.