Browsing: Pension Risk Transfer
Longevity and Mortality Investor’s coverage of the pension risk transfer market, providing analysis, commentary and insights on the global PRT space.
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.
Pension Insurance Corporation will continue to operate under the PIC brand as it continues to grow and compete in the UK’s pension risk transfer market.
£140m transaction secures the future retirement benefits for around 650 members of the plan.
£30m buy-in transaction secures the future retirement benefits for more than 145 pensioners and 80 deferred members.
The deal secures the benefits of both deferred and pensioner members and was completed in January 2026.
£7m bulk purchase annuity buy-in covers all remaining members not previously insured and represents a further step in reducing risk for the Scheme.
New premium for single-premium products — both buy-out and buy-in contracts — surged 132% in the fourth quarter to $28bn, according to LIMRA’s U.S. Group Annuity Risk Transfer Sales Survey.
Milliman’s latest results of its Milliman Pension Buyout Index show that during February, the estimated cost to transfer retiree pension risk to an insurer in a competitive bidding process climbed 10 basis points, from 100.4% to 100.5% of a plan’s accounting liabilities.
£105m full-scheme bulk purchase annuity buy-in with Canada Life secures the future benefits of over 350 deferred members and over 1,450 pensioners.