M&G announces third bulk annuity deal since re-entering market

Insurer signed a £309m deal with unnamed scheme on 15 March

Jonathan Stapleton
clock • 1 min read
M&G announces third bulk annuity deal since re-entering market

M&G signed a third bulk annuity deal with a £309m premium on 15 March 2024, the firm’s results for the year to 31 December 2023 reveal.

It said it now expected to achieve £1bn to £1.5bn in bulk annuity sales per annum going forward. Today's announcement comes after M&G announced its re-entry to the bulk annuity market with the c...

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

LCP urges trustees to ask the right questions about buy-in

LCP urges trustees to ask the right questions about buy-in

Consultancy says selecting the correct insurer is ‘more than a box-ticking exercise’

Jasmine Urquhart
clock 10 January 2025 • 1 min read
Utmost Life and Pensions formally announces entry into bulk annuity market

Utmost Life and Pensions formally announces entry into bulk annuity market

Provider confirms entry into the market following completion of £20m buy-in last year

Martin Richmond
clock 09 January 2025 • 2 min read
Compass Group Pension Plan completes £1.5bn buy-in with Standard Life

Compass Group Pension Plan completes £1.5bn buy-in with Standard Life

Deal secures benefits of over 14,000 pensioner and 11,000 deferred members

Jonathan Stapleton
clock 09 January 2025 • 2 min read
Trustpilot