Utmost Life and Pensions, which announced its entry into the UK’s pension risk transfer market in January, has completed four separate full-scheme buy-ins in 2025 so far.
In total, the transactions insure the benefits of 1,127 pensioners and dependants as well as 1,365 deferred members. New business premiums for the four deals totalled £177m.
PwC and Isio each acted as lead brokers on two transactions. Utmost Life and Pensions’ in-house legal team was supported by CMS UK.
“These transactions demonstrate the strength of our proposition in the pension de-risking market. We continue to see strong demand from schemes looking to secure their members’ benefits and Utmost offers a new and attractive choice,” said Gary Needham, Head of BPA Business Development at Utmost Life and Pensions.
“We are delighted to have had the opportunity to work with the trustees and their advisers to successfully complete these buy-ins and secure positive outcomes for their members”.