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According to research by Barnett Waddingham, a leading pension consultant, UK insurers completed bulk annuity transactions totalling around £800m in Quarter 1 2015 in what was a quiet start to the year. In comparison, Quarter 4 of 2014 saw transactions worth nearly £4.7bn. |
Legal & General transacted the greatest value of business in Q1 with transactions worth £644m completed. Just Retirement were second completing transactions worth £93m. Overall, the value of business completed was the lowest in a quarter since Q1 of 2012. Mark Paxton, Senior Bulk Annuity Consultant said: “Quarter 1 is traditionally a quiet time for the bulk annuity market - 2014 was an exception in this regard. In addition, market conditions in Q1 meant that pricing was expensive which may have put many schemes off.”
“However, early signs are that Q2 is looking much better for business. Rothesay Life have announced a significant transaction worth £675m already with the Lehman Brothers Pension Scheme. We are also expecting Scottish Widows to enter the market shortly which will provide increased competition.” |
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| Commercial lines casualty pricing | ||
| London / hybrid 1-2 dpw office-based - Negotiable | ||
| Life Insurance Senior Consultant | ||
| Flex / hybrid 2-3 dpw office-based - Negotiable | ||
| Scheme Actuary | ||
| Nationwide with hybrid working options - Negotiable | ||
| Liability Portfolio Manager | ||
| London / hybrid 3 dpw office-based - Negotiable | ||
| Investment DB Actuarial Analyst | ||
| Flex / hybrid 2 days p/w office-based - Negotiable | ||
| Actuarial Reserving Manager | ||
| London / hybrid 2 days p/w office-based - Negotiable | ||
| Senior Associate - Trustee Pensions | ||
| Nationwide / hybrid 1-2dpw office-based - Negotiable | ||
| Head of MA and Investment Business Pa... | ||
| London/Hybrid - Negotiable | ||
| Actuarial Pricing Analyst – Specialis... | ||
| London / hybrid 1 dpw office-based - Negotiable | ||
| Pricing Pioneer | ||
| Flex / hybrid 2-3 dpw office-based - Negotiable | ||
| Investment Manager | ||
| London/Hybrid - Negotiable | ||
| Senior Actuarial Analyst | ||
| London/Hybrid - Negotiable | ||
| Pension Consultant - de-risking projects | ||
| UK-wide / hybrid 2 dpw office-based - Negotiable | ||
| Island Pricing | ||
| Bermuda - Negotiable | ||
| Choose Life! | ||
| Various locations - Negotiable | ||
| Capital leadership in the Capital - L... | ||
| London/hybrid 2-3dpw office-based - Negotiable | ||
| Senior Capital Actuary - London Market | ||
| London/hybrid 2-3dpw office-based - Negotiable | ||
| DC Pensions Advisory Consultant | ||
| London or Manchester / Hybrid working - Negotiable | ||
| Senior Pensions Data Technician - Ful... | ||
| Fully remote - Negotiable | ||
| Chief Actuary | ||
| London - Negotiable | ||
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