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.
PRTs in the Netherlands have been steadily increasing since the government passed the Futures of Pensions Act.
The Abbey Life Assurance Company Limited Staff Pension Scheme has completed a £200m bulk purchase annuity transaction with Standard Life.
The transaction, which completed in April 2026, covers the pensions of 1,584 members, which includes c.600 deferred members and approximately 900 current pensioners and dependants.
£42m bulk purchase annuity transaction secures the pensions of 485 members.
£66m buy-in, which completed in March and covers 590 members, is the mutual’s second BPA transaction with the pension scheme of a fellow mutual and the first with a building society.
New Prudential Regulation Authority consultation paper spells out the new capital charge for funded reinsurance deals.
The transaction, completed in March 2026, secures the benefits of 16 deferred and 24 pensioner members of the scheme and completes the buy-in of all scheme liabilities.
160m bulk purchase annuity buy-in was completed in March 2026 and secures the pension benefits for all 2,216 of the scheme’s members, comprising 1,108 members with pensions in payment and 1,108 deferred members.
Funded reinsurance transactions involving UK life insurers will face enhanced regulatory requirements under new proposals unveiled today by the Prudential Regulation Authority.
There are new rules around surplus extraction as well as a permanent regime for the superfund market which could impact the DB pension de-risking market going forward.