Browsing: News: September 2025
This latest buy-in covers 758 members and marks the first transaction completed with Quantum Advisory.
Total US pension risk transfer new premium fell 64% in the second quarter of 2025 to $4.1bn, according to LIMRA’s U.S. Group Annuity Risk Transfer Sales Survey.
Transaction volumes of £9.8bn in the first six months of 2025 are the lowest first half volumes seen in the UK’s pension risk transfer market for four years.
The transaction secures the benefits of more than 1,900 members and was finalised in August this year.
In total, the £105m buy-in protects the pensions of 1,341 members across both Schemes.
During August, the estimated cost to transfer retiree pension risk to an insurer in a competitive bidding process decreased from 100.1% to 100.0% of a plan’s accounting liabilities.
Completed in June 2025, the transaction secures the benefits of over 1,000 pensioners and dependents as well as over 750 deferred members.
The overall mood at the event was upbeat, with attendees generally seeing the industry as having successfully navigated the macroeconomic tumult of recent years.
Fenwick’s pension schemes have completed bulk purchase annuity buy-in transactions totalling £113m with Aviva. The transactions are part of a series of deals that stretch back to 2012.
The number of policies sold rose 7% in the second quarter, which is the highest growth rate recorded in LIMRA’s quarterly survey since 1983.