Buy-outs and buy-ins – Summer 2016

It was a relatively quiet start to the year for the UK bulk annuity market in terms of transactions with pension schemes, following the significant activity at the end of 2015. However, some of the providers have been busy with reinsurance transactions for the retail annuity back book of another insurer.

In this latest edition we look at:

    • A summary of the bulk annuity business completed in 2015 with UK pension schemes
    • The latest provider news following the merger of Just Retirement and Partnership to form JRP Group
    • Significant transactions in the industry including Aegon's reinsurance transactions for the annuity book of its subsidiary Scottish Equitable plc, and a transaction with Rothesay Life and Legal & General
    • The gap between typical pensioner pricing and the value of annuity factors

To download the full briefing note, please see below.