Sponsor demand drives bulk annuity market to £5bn

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The volume of bulk annuity transactions this year has already exceeded the 2012 total thanks to a flurry of large deals completed by Rothesay Life and Pension Insurance Corporation (PIC).

Consultants said this surge in demand, which has seen £5bn of liabilities insured since January, was prompted by employers' desire to ultimately secure a full buyout. In its latest Benefits Buyo...

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