Browsing: Pension Risk Transfer

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.

New research from Standard Life suggests that the current push for bulk purchase annuity buy-ins in the UK pension risk transfer market looks set to continue as 40% of defined benefit trustees that are targeting BPA as their end-game strategy expect to approach an insurer in the next 12 months.

TPT Retirement Solutions has announced its intention to launch a new Defined Benefit pension superfund designed to support run-on. Both The Pensions Regulator (TPR) and the Department for Work and Pensions (DWP) have expressed their support for superfunds, which offer schemes an alternative endgame solution.

MetLife’s 2025 Pension Risk Transfer Poll reveals 94% of plan sponsors with de-risking goals plan to fully divest pension liabilities – most within five years.

The Trustees of the Ferno (UK) Limited Retirement and Death Benefits Scheme have agreed a c. £4m full scheme buy-in with Legal & General. The transaction was agreed in October 2025 and covers approximately 100 scheme members.

Canada Life has appointed Dominic Carpenter as Bulk Purchase Annuities Commercial & Strategy Director, a new role at the firm. Carpenter will lead the commercial development of Canada Life’s bulk annuities business and drive initiatives across commercial strategy, reinsurance and pricing to support its BPA growth ambitions.

The increasing frequency and magnitude of cyber-attacks on British businesses have prompted the UK’s pensions industry to consider its own resilience, especially during de-risking processes when scheme members’ data is at a heightened state of vulnerability.

Longevity and Mortality Investor (LMI) is the new name for Life Risk News. Greg Winterton caught up with Chris Wells, Managing Editor at LMI, to discuss the reasons behind the rebrand, his thoughts on how the longevity and mortality markets have evolved in recent years, and plans for the future.

The BP Pension Fund has completed a £1.6bn bulk purchase annuity buy-in transaction with Legal & General. The deal was the first pension risk transfer transaction for the c.£18bn fund; L&G provided a gilt-based price lock using the fund’s gilt holdings to ensure price certainty.

Fidelity & Guaranty Life Insurance Company and Fidelity & Guaranty Life Insurance Company of New York, will assume responsibility for pension benefits for approximately 3,150 retirees and beneficiaries.