LCP’s Charlie Finch steps back and considers the implications of this deal
Buy-in and buyout volumes anticipated to exceed the £43.8bn seen in 2019
Combined scheme liabilities fell by £1trn in a year
Schemes told to address data, governance, and investment strategy to secure de-risking terms
Aon, Hymans Robertson, LCP and Mercer assess the key risk reduction trends of 2021
This year’s deals could surpass the £4.7bn high set in a 2019 buyout by Rothesay
LCP analysis finds a large number of schemes expect to reach buyout within ten years
Treasury sets out plans for Solvency II reforms with a desire to improve asset and risk options
Pension Insurance Corporation (PIC) concluded £5.6bn on bulk annuities in 2020 after recording just over £2.1bn in the second half of the year.
Around £12.6bn of buy-ins and buyouts were completed in the first half of 2020 despite the onset of the Covid-19 pandemic, according to Lane Clark & Peacock (LCP) analysis.