2023 bulk annuity market volumes soar to record-breaking £49.1bn

Aon says 2023 saw ‘dramatic growth’ in the market for schemes below £100m

Martin Richmond
clock • 2 min read
2023 bulk annuity market volumes soar to record-breaking £49.1bn

2023 marked a record-breaking year for the UK’s bulk annuity market as the total volume of bulk annuity deals amounted to nearly £50bn, research from Aon finds.

The insurer's UK Risk Settlement Market Update 2023 revealed the bulk annuity market had a "stellar" year with total volumes reaching £41.9bn across 226 transactions, which surpassed the £43.8bn se...

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

How insurers have stepped up to solve the industry-wide illiquid asset challenge

How insurers have stepped up to solve the industry-wide illiquid asset challenge

There has been a step-change in insurers’ willingness to take on DB illiquid assets

James Fermont
clock 19 February 2025 • 3 min read
Geoghegan & Company Staff Pension Scheme secures £1.5m buy-in with Just

Geoghegan & Company Staff Pension Scheme secures £1.5m buy-in with Just

Full scheme buy in secures the benefits of eight deferred members and eight pensioners

Holly Roach
clock 18 February 2025 • 2 min read
Deutz scheme secures £16m buy-in deal with Just Group

Deutz scheme secures £16m buy-in deal with Just Group

Transaction secures the benefits of 181 scheme members

Holly Roach
clock 17 February 2025 • 2 min read
Trustpilot