LCP predicts further new entrant to risk reduction market this year

Consultancy forecasts the total number of insurers will rise to 11 by the end of the year

Martin Richmond
clock • 3 min read
LCP predicts further new entrant to risk reduction market this year

Another insurer will enter the bulk annuity market by the end of the year, Lane Clark & Peacock (LCP) has forecast.

In its latest pension transfer market (PRT) update published yesterday (13 June), the consultancy said another entrant will enter the market and take the total number of active insurers to 11 and f...

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

Martin Richmond
Author spotlight

Martin Richmond

Reporter at Professional Pensions

More on Defined Benefit

UK DB company profit warnings reached four-year high last year

UK DB company profit warnings reached four-year high last year

Research finds almost one in four UK firms with DB schemes issued a profit warning

Jasmine Urquhart
clock 11 February 2025 • 2 min read
Bond market volatility sees DB surpluses rise by £12.8bn in January

Bond market volatility sees DB surpluses rise by £12.8bn in January

PPF 7800 index shows aggregate funding level for DB schemes has risen to 127%

Jonathan Stapleton
clock 11 February 2025 • 2 min read
DB scheme funding levels see gains at start of 2025

DB scheme funding levels see gains at start of 2025

Broadstone finds fully hedged scheme deficit fell to lowest level in three years in January

Martin Richmond
clock 06 February 2025 • 1 min read
Trustpilot