Browsing: 2026 – March

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.

Supply and demand dynamics in terms of annuity issuance and the need for reinsurance solutions remains strong.

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.

Kosmos 2026-1 is the seventh asset-backed security issuance since 2019 for the firm and the third in six months.

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

Total new annualised premium tops a record-breaking $17.5bn in 2025.

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.

Bodycote UK’s Pension Scheme has completed a £60m bulk purchase annuity buy-in with PIC. The transaction secures the benefits of all 680 scheme members.