UK and US pension risk transfer market to exceed £250bn in next three years

UK volumes for 2024 ‘likely to exceed’ the £40bn achieved last year as market scales up

Jonathan Stapleton
clock • 2 min read
L&G chief executive of institutional retirement Andrew Kail
Image:

L&G chief executive of institutional retirement Andrew Kail

Over £250bn of combined UK and US pension risk transfer (PRT) volumes are forecast to be secured by insurers in the next three years, latest analysis from Legal & General (L&G) reveals.

The insurer's latest PRT Monitor, published today (6 September), reported a significant increase in the number of large pension plans coming to market in both the UK and US, putting the sector on t...

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