The events of the past 18 months have resulted in significantly improved funding positions for many UK defined benefit (DB) pension schemes. As a result, pension scheme trustees and their corporate sponsors are suddenly faced with an ‘endgame’ decision that would previously have seemed years away. That is, should they look to secure the scheme’s liabilities with an insurer, or should they continue to run-on for the foreseeable future?
With the dust beginning to settle on 2023, and the final deals of the year being hurriedly squeezed into insurer targets, it seems only right to reflect on what has been another incredible year for the risk settlement market.
While the bulk annuity market often grabs the headlines, there remains a healthy demand and supply for longevity swaps, which has resulted in another busy year for.
Any bulk annuity transaction is typically a cause for celebration; LinkedIn articles are shared, champagne emojis are sent, headlines are grabbed - but it is by.
The past year has seen a huge improvement in funding levels for the majority of UK pension schemes, with many now re-assessing their endgame. The best funded have.