Despite it being another year of significant volatility in the investment markets, 2023 is set to be a record year for bulk annuities
Half of schemes are targeting buyout, with around £50bn in deals expected by end of year
This is a year where two words have dominated proceedings for smaller transactions ‘streamlined’ and ‘exclusivity’
Since the beginning of time (in the pensions world), we have seen rapid growth - both in terms of liabilities accrued and in the range of assets used to back these liabilities.
Doing your homework before going exclusive