Bulk annuity market dominated by just three insurers

clock

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...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Reduction

Inchcape Motors scheme completes £505m buy-in with L&G

Inchcape Motors scheme completes £505m buy-in with L&G

The deal secures the benefits of 2,295 retirees and 5,890 deferred scheme members

Holly Roach
clock 05 March 2025 • 2 min read
PwC index measures £180bn DB surplus in February

PwC index measures £180bn DB surplus in February

Firm says schemes are ‘reconsidering’ strategies

Jasmine Urquhart
clock 03 March 2025 • 2 min read
Update: Brookfield Wealth Solutions launches in UK following regulatory approvals

Update: Brookfield Wealth Solutions launches in UK following regulatory approvals

Insurer to begin operations in Q1 and operate under the Blumont Annuity UK branding

Jonathan Stapleton
clock 03 March 2025 • 3 min read
Trustpilot