Browsing: Longevity Risk
Longevity and Mortality Investor’s coverage of bulk purchase annuity transactions. We are a leading source globally for longevity risk analysis, commentary and insights.
A year after the UK Pensions Regulator’s code of practice on funding for defined benefit (DB) pension schemes was launched, the UK’s pension risk transfer market remains buoyant, suggesting the guidance has had little material effect on deals.
Within the life settlement industry, the medical record review has long remained one of the most resource-intensive and time-consuming stages of the process but recent advancements in automation and artificial intelligence, however, are beginning to change this dynamic.
A convergence of themes has contributed to the growth story of the US life and annuity market of the past few years.
The buy-in, completed in June 2025, insures the benefits of all 30 members – 15 deferred and 15 pensioners.
The transactions, completed in July 2025, secure the benefits of approximately 980 members across the two schemes.
The deal secures the future benefits of 300 pension scheme members – 160 deferred members and 140 pensioners.
The Premdor Crosby Pension Plan has completed a £16m bulk purchase annuity buy-in with Royal London. This buy-in, which covers 181 members, is the first that Royal London has completed with BESTrustees as Chair of Trustees.
Pension schemes sponsored by Ford Motor Company Limited, including the Ford Hourly Paid Contributory Pension Fund and the Ford Salaried Contributory Pension Fund, have completed bulk purchase annuity buy-ins with Legal & General worth a total of £4.6bn.
Traditionally, PRT transactions in the US are of the buy-out variety, a trend driven by the economics of no longer having to administer participants after the deal closes and the expenses associated with it. However, there is evidence to suggest that the buy-in variety is growing in popularity.
Litigation risk in the life settlement market takes multiple forms, from cost of insurance increases to estate challenges, from credit risk to stranger-owned life insurance cases. Liam Bodemeaid, Actuarial Consultant at Actuarial Risk Management, introduces a new framework to price litigation risk with a little bit more logic, data, and structure in a guest article.