The UK annuities market is undergoing a dramatic change as the rules on retirement products are rewritten. In this article, Christopher Cundy looks at five major implications for products and strategy
Largest ever UK pensions buy-in contract
Moody's says alternative products will have lower margins
But larger insurers bounce back
Pensioners will no longer have to buy an annuity at retirement
Solvency II coverage ratio of 257% slightly less than IGD ratio of 280%
Deal covers 70% of Church Workers Pension Fund's members