2023 marked a record-breaking year for the UK’s bulk annuity market as the total volume of bulk annuity deals amounted to nearly £50bn, research from Aon finds.
Resource constraints for schemes in an increasingly busier risk reduction market need not be a “blocker” for schemes looking to conduct a bulk annuity transaction, industry delegates heard.
The risk transfer market has experienced one of its busiest ever periods in 2023 and is currently hitting “boiling point”, research from Barnett Waddingham has shown.