Browsing: News: March 2026

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.

£240m transaction, completed in December 2025, protects the pensions of all of the remaining 1,852 scheme members whose policies were yet to be insured, including 924 pensioners and their dependants as well as a further 928 deferred members.