LCP and Law Debenture are calling for insurers to disclose comparable data around customer service and administration to help trustees make decisions on bulk annuity transactions.
Attractive insurance pricing should lead to a busy end to 2026 for the bulk annuity market, despite muted volumes in the first half, according to new analyses.
The latest updates on endgame activity span from Canada Life’s £52m buy-in to the full wind-up of a flavours and fragrances company’s defined benefit pension scheme.
The bulk annuity deal is combined with M&G’s With-Profits Fund to give access to potential additional investment returns. Plus, Just Group insures a manufacturer’s scheme for £11m.
The transaction secures the benefits of more than 7,000 members of the Samworth Brothers Limited Superannuation Scheme, sponsored by the owner of the Ginsters and West Cornwall Pasty Company brands.
The buy-in secures the benefits of 16,400 members, and the trustee board highlighted the importance of continued strong customer service as a key factor in selecting L&G.
Standard Life is targeting larger bulk annuity deals with £2bn of expanded capacity through a partnership deal with several major financial services groups.
Insurers and consultants are confident about their ability to handle the high volume of bulk annuity deals, but juggling demand for resources as schemes transition from buy-in to buyout could be tricky, as Bradley Gerrard reports.
The Royal Horticultural Society and the Royal Society of Chemistry have both announced separate bulk annuity deals this week, securing benefits for more than 700 people through buy-ins.
As the derisking options for small defined benefit pension schemes increase, experts from Stephenson Harwood and Mercer share insights on how pooled arrangements have been able to secure insurance deals for some of the smallest clients.
The market for small pension scheme buy-ins remains robust even as larger deals are being announced, according to consultancy firm Quantum Advisory.
A roundup of the latest bulk annuity market news, including a full scheme buy-in for Aston Martin Lagonda and Isio’s micro scheme service reaching 20 transactions.