DB endgame update Q3 2025

Join our experts as they explore the latest developments in the defined benefit (DB) pension endgame landscape.

Inside our update, you'll find:

• An update on the outlook of the bulk annuity market. 
• Information on acquisitions relating to two insurers (PIC and Just).
• A summary of BW’s risk transfer activity over the first half of 2025.
• Considerations on how changing life expectancies may impact bulk annuity pricing.
• Important updates from the Pension Schemes Bill, and how it might affect endgame strategies.
• Thoughts on how a recent superfund transaction could improve outcomes for other schemes. 
• Our latest article on how new entrants in the bulk annuity market affect decision-making processes for trustees and employers.