Phoenix delivers £800m of bulk annuities in first year in market

James Phillips
clock • 2 min read

Phoenix Group transacted £800m of bulk annuities in 2018, its first year in the market since completing a deal with its own scheme two years ago.

In its full-year results, published yesterday (5 March), the insurer said it had conducted three deals over the course of last year, with the "vast majority" of longevity risk also reinsured. Th...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Risk Reduction

London Waste scheme completes £22m buy-in with Royal London

London Waste scheme completes £22m buy-in with Royal London

Bulk annuity transaction secures the benefits for around 200 members

Martin Richmond
clock 30 May 2025 • 2 min read
Morrisons bags £270m buy-in deal with Aviva

Morrisons bags £270m buy-in deal with Aviva

Third deal with the supermarket chain and the insurer secures benefits of 32,000 deferred members

Holly Roach
clock 28 May 2025 • 2 min read
DB schemes can be an engine of UK growth for the future

DB schemes can be an engine of UK growth for the future

L&G’s Andrew Kail says it is time to stop thinking of DB pensions as a legacy of the past.

Andrew Kail
clock 27 May 2025 • 3 min read
Trustpilot