Pensions buyouts and buy-ins to remain high on agenda
In the past three years the bulk annuity market has taken off, although it slowed last year. There are just eight insurers that are currently active in the market, but since 2006, deals worth a total of £14.3 billion have been completed. Here we look at the providers and list the 22 deals of more than £200 million.
- Pensions buyouts and buy-ins to remain high on agenda New research by MetLife Assurance, one of the bulk annuity providers, shows that 64% of occupational pension scheme trustees say that the economic events of the past 18 months have meant that pension de-risking has become a greater priority.
Also
"Huge potential" in the pension buyout market Pension buyout deals have risen enormously in value over the half-year ending 31 March 2008, and the market is set for further huge growth.
Pension buyout market set for "energetic trading" The buyout market for defined-benefit schemes is heading for "energetic trading", according to a survey by PricewaterhouseCoopers.
Buy-ins and buyouts will be covered by Financial Services Compensation Scheme The Financial Services Compensation Scheme has confirmed to Occupational Pensions that members of occupational schemes that are subject to a buyout or a buy-in are covered by the compensation scheme if the insurer defaults.
