Defined benefit (DB) schemes on the road to buyout should be prepared for “major delays” due to soaring demand for bulk annuity transactions, according to AXA Investment Managers (AXA IM).
The firm argued interest in buyout among DB schemes has increased as a result of the gilts crisis following September's Mini Budget and favourable market conditions have led to an improved funding ...
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