The UK has seen high levels of mortality since the start of the Covid-19 pandemic in March 2020.
Bulk annuity market volumes have increased significantly in recent years, and there was no slowdown in this growth during 2022.
As the philosophy lesson goes, if you fill a jar to the brim with golf balls, it is full, right?
In line with recent years, 2022 is expected to be a tale of two halves for the bulk annuity market as we expect to see more pension scheme risk transferred to insurers in the second half of 2022 than the £12bn volume to 30 June 2022.
The effects of the current economic volatility are being felt around the world but no more acutely than by those running defined benefit (DB) pension schemes here in the UK.
At the outset, getting to your pension endgame may feel like an uphill climb, with a constant looming threat of storms to hamper your progress. So, what measures can be taken to ensure a smoother path to the endgame summit?