PRT deal included gilt-based price lock and marks first transaction for £18bn scheme
But Hymans Robertson says market remains ‘vibrant’ despite lowest H1 volumes since 2021
LCP finds total market volumes expected to exceed £40bn for third year running
L&G says global PRT market is on target for a ‘transformative’ period
Reaffirms expectation to be active in market this year with focus on policyholder service
Hymans analysis shows total PRT volumes in 2024 expected to amount to £47.6bn
Insurer estimated to write £8.4bn of PRT deals in 2024 as part of target of £50-65bn by 2028
Francis Richard Pereira assesses how changes to regulation will impact the PRT market