Browsing: Pension Risk Transfer

The transaction releases capital resources that Monument will redirect to its core strategy of consolidation in European life insurance markets.

£280m deal secures the benefits of approximately 2,800 members.

The transaction, completed in January 2025, secures the benefits of all 869 Scheme members which comprises 471 pensioners and dependants as well as 398 deferred members.

During March, the estimated cost to transfer retiree pension risk to an insurer in a competitive bidding process climbed from 101.7% to 102.5% of a plan’s accounting liabilities.

The transaction was finalised in March 2025 and is the ninth buy-in for Royal London’s BPA business.

The £7.5m transaction secures the benefits of all 121 members, comprising 26 deferred members and 95 pensioner members, and covers all scheme liabilities.

The buy-in insures the benefits of 180 Scheme members comprising 99 deferred members and 81 pensioners.

New UK pensions surplus access rules could help resuscitate capital-backed journey plans.

Aggregate deal value in the Canadian pension risk transfer (PRT) market set a new record in 2024 and market fundamentals suggest activity will remain strong going forward.

Given the importance of systemic risks such as climate change in determining the long-term stability of the insurance regime, insurers’ climate change approach should be considered as part of the scheme trustee’s selection process in the bulk purchase annuity market.