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.
The latest results of its Milliman Pension Buyout Index (MPBI) shows that during March, the estimated cost to transfer retiree pension risk to an insurer in a competitive bidding process climbed 40 basis points, from 100.5% to 100.9% of a plan’s accounting liabilities.
Having entered into a full scheme pension buy-in with the trustees of the Noble Foods Limited Pension Scheme in April 2025, Utmost Life and Pensions has now issued 455 individual buy-out policies to scheme members and dependants less than a year after entering into the initial buy-in contract.
The transaction secures the benefits of 13 deferred and pensioner members with L&G and represents the second transaction completed under Isio’s PenUltimate Micro framework.
The positive changes in DB scheme funding over the last couple of years have presented new challenges and opportunities for schemes and a different set of decisions for trustees and sponsors.
2025 saw a shift in the risk transfer market towards smaller pension schemes, says Hymans Robertson in its latest report.
Highest ever volume of buy-in transactions show market in maturation stage.
£100m bulk purchase annuity transaction with Aviva. The deal secures the benefits of all 225 deferred and 1,127 pensioner members.
£40 million full-scheme buy-in transaction with a financial services sector pension scheme, securing the future benefits for more than 80 pensioners and 60 deferred members.
With final insurer 2025 results now published, analysis by LCP shows a strong finish to the year for the UK pension risk transfer market, with a record-breaking 367 buy-ins totalling £38.2bn.
£32m full scheme bulk purchase annuity buy-in secures the benefits of all 452 Scheme members.