Browsing: Longevity and Mortality Risk Transfer
Longevity and Mortality Investor’s coverage of the longevity and mortality risk transfer market, including pension risk transfer, longevity swaps and other de-risking activities.
Transaction volumes of £9.8bn in the first six months of 2025 are the lowest first half volumes seen in the UK’s pension risk transfer market for four years.
The transaction secures the benefits of more than 1,900 members and was finalised in August this year.
In total, the £105m buy-in protects the pensions of 1,341 members across both Schemes.
During August, the estimated cost to transfer retiree pension risk to an insurer in a competitive bidding process decreased from 100.1% to 100.0% of a plan’s accounting liabilities.
Completed in June 2025, the transaction secures the benefits of over 1,000 pensioners and dependents as well as over 750 deferred members.
Fenwick’s pension schemes have completed bulk purchase annuity buy-in transactions totalling £113m with Aviva. The transactions are part of a series of deals that stretch back to 2012.
Buy-in insures the benefits of all 348 members of the defined benefit section of the Scheme, sponsored by Welcome Break Group Ltd.
Recent M&A activity could continue as market continues to boom.
GMP Equalisation is continuing to be a significant hurdle for DB pension schemes on the final stretch to buyout but with the right tools, support and technology, these obstacles don’t have to derail transactions.
The pension risk transfer market in the UK has delivered plenty of talking points in 2025 so far in what has been another busy year for the space. Greg Winterton spoke to Pretty Sagoo, Managing Director of Defined Benefit Solutions at Just Group, to get a risk buyer’s perspective on the current state of the market and the outlook for the balance of the year.