Corporate Adviser
  • Content Hubs
  • Magazine
  • Alerts
  • Events
  • Video
    • Master Trust Conference 2024 videos
  • Research & Guides
  • About
  • Contact
  • Home
  • News
  • In Depth
  • Profile
  • Pensions
    • Auto-enrolment
    • DB
    • DC
    • Defaults
    • Investment
    • Master Trusts
    • Sipps & SSAS
    • Taxation
  • Group Risk
    • Group Life
    • Group IP
    • Group CIC
    • Mental Health
    • Rehab
    • Wellbeing
  • Healthcare
    • Musculoskeletal
    • Mental Health
    • IPT
    • Wellbeing
    • Trusts
    • Cash Plans
  • Wellbeing
    • Mental Health
    • Health & Wellbeing
    • Financial resilience
  • ESG
No Result
View All Result
Corporate Adviser
No Result
View All Result

Bulk purchase annuity market set for record 2023

by Emma Simon
June 1, 2023
Share on FacebookShare on TwitterShare on LinkedInShare on Pinterest

The de-risking market is on track to hit record volumes this year with £45bn to £60bn of transactions according to pension consultants LCP. 

It is prediction as many as 15 transactions at the £1bn-plus mark during the year, and has estimated that around 1,000 schemes are already fully funded on buy-outs, and force no let-up in activity in the second half of this year. 

This comes on the back of several years of strong growth amid better funding of DB schemes and more favourable economic conditions for buy outs and bulk purchase annuities. 

Commenting on these figures Standard Life’s managing director of defined benefit solutions Kunal Sood says: “”The BPA market is living up to the expectations set earlier in the year, with £45bn+ looking very achievable. Defined benefit funding schemes have generally benefited from a combination of factors over the last year, including a rise in gilt yields, slowing longevity improvements, an increase technical provisions and sponsors stepping up deficit funding.

“All of this has led to a surge in market demand, and at Standard Life, we have been actively engaging in a number of discussions to help schemes achieve the best solutions for their members.” 

VIDEO FROM ROYAL LONDON


Find out more about how to support the switching of a workplace pension

Corporate Adviser Special Report

REQUEST YOUR COPY

Most Popular

  • Govt sets out roadmap for blockbuster pension reforms

  • Standard Life launches financial coaching platform for families

  • TPT launches managed retirement income for life offering

  • Capital Cranfield appoints LGIM DB head as trustee

  • Govt Spending Review: industry reaction

  • Underestimating life expectancy leading to £35,000 shortfall in pension planning: BW

Corporate Adviser

© 2017-2024 Definite Article Media Limited. Design by 71 Media Limited.

  • About
  • Advertise
  • Privacy policy
  • T&Cs
  • Contact

Follow Us

X
No Result
View All Result
  • Home
  • News
  • In Depth
  • Profile
  • Pensions
    • Auto-enrolment
    • DB
    • DC
    • Defaults
    • Investment
    • Master Trusts
    • Sipps & SSAS
    • Taxation
  • Group Risk
    • Group Life
    • Group IP
    • Group CIC
    • Mental Health
    • Rehab
    • Wellbeing
  • Healthcare
    • Musculoskeletal
    • Mental Health
    • IPT
    • Wellbeing
    • Trusts
    • Cash Plans
  • Wellbeing
    • Mental Health
    • Health & Wellbeing
    • Financial resilience
  • ESG

No Result
View All Result
  • Home
  • News
  • In Depth
  • Profile
  • Pensions
    • Auto-enrolment
    • DB
    • DC
    • Defaults
    • Investment
    • Master Trusts
    • Sipps & SSAS
    • Taxation
  • Group Risk
    • Group Life
    • Group IP
    • Group CIC
    • Mental Health
    • Rehab
    • Wellbeing
  • Healthcare
    • Musculoskeletal
    • Mental Health
    • IPT
    • Wellbeing
    • Trusts
    • Cash Plans
  • Wellbeing
    • Mental Health
    • Health & Wellbeing
    • Financial resilience
  • ESG

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.