Bulk annuity market dominated by just three insurers

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The bulk annuity market in 2012 was dominated by three big players, who hoovered up more than three quarters all new business according to research from Aon Hewitt.

The consultant's Risk Settlement Survey 2013 found that Pension Corporation (PIC), Rothesay Life, and Legal & General accounted for 78% of completed deals by value. PIC cornered a third of the m...

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