Royal London speaks to PP about its entrance into the bulk annuity market
The firm has completed four transactions in preparation for its formal market launch
Analysis follows LCP research with prediction that £40bn to £50bn of transactions could be completed
Consultancy says smaller schemes dominated market activity in H1, with £40bn of transactions predicted
Hymans says 134 buy-in transactions were completed in H1 covering £15.3bn in liabilities
Transaction secures the benefits of around 2,500 scheme members
Insurer says it now has a new business pipeline of up to £45bn
Full scheme buy-in secures the benefits of 64 pensioners and 155 deferred members
UK volumes for 2024 ‘likely to exceed’ the £40bn achieved last year as market scales up
Scheme’s second buy-in transaction secures the benefits of 18,042 members