Bulk Annuities: Where next in the de-risking journey? The bulk annuity market hit new heights in 2018. For the first time in history pension scheme buy-in and buy-out transactions exceeded £20bn.
The UK pension scheme market is changing. While schemes continue to mature, their priorities and needs evolve. As the number of pensioners increases, schemes’ cashflow is becoming restricted, or even negative. To secure benefits for their members, as well as their need for security, schemes must reconsider their strategy. This includes asking if they have the right strategic partner to meet their needs.
Highly competitive insurer pricing compared to gilts is providing extremely attractive opportunities for schemes to remove both financial and longevity risks.
Now two years into freedom and choice in DC retirement savings, for members of a DB scheme making the most of these flexibilities will involve transferring to a DC arrangement. We provide an update on the lay of the land.
This is our eighth annual survey of the assumptions adopted by UK universities for determining the value of their pension liabilities for accounting purposes.
Our 2016 Bulk Annuity Annual Report discusses the latest developments in the buy-in and buy-out market. We highlight important issues for trustees and sponsoring employees as well as summarising the views of insurers on key aspects of the market.
In April 2015 the government introduced legislative changes designed to increase flexibility for individuals when accessing their pension savings from age 55 onwards. To find out how DB schemes are reacting to the new flexibilities we conducted a survey.
Following a record-breaking year in 2014 where over £13bn of bulk annuity transactions were completed, experience over the first half of 2015 suggests another potentially strong year for the market. Find out more in our latest research report.
The average FRS17 funding level of university pension schemes has improved, according to our 5th annual survey of University Self Administered Trusts (SATs).