Browsing: Longevity and Mortality Risk Transfer

£105m full-scheme bulk purchase annuity buy-in with Canada Life secures the future benefits of over 350 deferred members and over 1,450 pensioners.

Together, the transactions cover an amount of approximately €8bn in pension liabilities and roughly half of Achmea Pension & Life Insurance’s longevity risk exposure.

The transaction, which completed in mid-February 2026, secures the benefits of eight deferred members and marks the first transaction completed under Isio’s PenUltimate Micro framework.

WTW’s De-Risking Report 2026 suggests that longevity swaps are becoming increasingly interesting to UK defined benefit pension schemes and forecasts £20bn worth of transactions this year.

Athora has received approval from the Prudential Regulation Authority for its acquisition of Pension Insurance Corporation Group Limited, including its wholly owned subsidiary, Pension Insurance Corporation, an insurer of defined benefit pension schemes.

£80m bulk purchase annuity buy-in secures the benefits of more than 350 deferred members and 1,450 pensioners.

The latest results of the Milliman Pension Buyout Index (MPBI) suggest that during January, the estimated cost to transfer retiree pension risk to an insurer in a competitive bidding process in the US inched up 10 basis points, from 100.3% to 100.4% of a plan’s accounting liabilities.

£270m bulk purchase annuity buy-in secures the pension scheme benefits of over 3,200 members of the scheme.

The US pension risk transfer market closed 2025 on a strong note, with fourth-quarter premium estimated at approximately $28bn, making it one of the largest quarters on record, according to Banner Life William Penn’s Q4 2025 US PRT Monitor.

Gilts-based investment approach is feeding through to the prices offered to pension schemes entering BPA transactions by insurers.