UK bulk annuity market prepares for potentially six more providers
Rumours continue to swirl about firms entering the booming pension risk transfer market, while at the same time, another is considering exiting the sector. Ronan McCaughey and Christopher Cundy report
UK bulk annuity volumes on track to hit £50bn in 2023
Experts from Aon's risk settlement team also give their 2024 outlook for the market
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Expect UK bulk annuity volumes of £45-50bn this year, says L&G
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Legal & General said rising pension funding ratios have driven demand
H1 bulk annuity volumes surpass £20bn
The volumes exceed the previous record of £17.6bn set in 2019