Insurer estimated to write £8.4bn of PRT deals in 2024 as part of target of £50-65bn by 2028
UK volumes for 2024 ‘likely to exceed’ the £40bn achieved last year as market scales up
Deal secures the benefits of 5,900 retirees and 3,600 deferred members
Transaction secures the benefits of more than 7,000 retirees as part of ‘umbrella’ agreement
L&G finds nearly two-fifths of DB schemes aiming for full buyout within three years
L&G research finds approximately £50bn in total market volumes recorded last year
Largest single buy-in by premium size secures benefits of 53,000 retirees and deferred members
Unprecedent acceleration in demand’ driving record demand for bulk annuity transactions
Two thirds of the liabilities of water company schemes secured with existing manager L&G
Fourth and final transaction fully secures the benefits of approximately 67,000 members