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 covers two schemes and three sections sponsored by the Church of Scotland.
New life insurer entrants into UK PRT market not necessarily a sign of the floodgates opening.
UK Chancellor of the Exchequer Rachel Reeves’ announcement that she wants to unshackle billions of pounds locked in defined benefit (DB) pension fund surpluses has raised questions about how such a move might impact the country’s bulk purchase annuity market.
Aggregate surplus fell from £239.0bn in January to £232.7bn at the end of February.
The buy-out transaction was completed in January 2025, with the buy-in having taken place in July 2024.
The transaction covers over 850 deferred members and approximately 650 pensioners.
Brookfield Wealth Solutions will operate under the Blumont Annuity UK brand.
Hymans Robertson report expects 2025 to have a record-breaking number of transactions, across both small and larger schemes.
The estimated retiree pension risk transfer cost is now 101.6% of a plan’s accumulated benefit obligation.
The deal covers a €2bn block of in-force individual annuity life policies.