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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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| London Market risk leader | ||
| London/hybrid 2-3dpw office-based - Negotiable | ||
| London Market risk management | ||
| London/hybrid 2-3dpw office-based - Negotiable | ||
| Actuarial Pensions Advisory - Assista... | ||
| Flex / hybrid 2 days p/w office-based - Negotiable | ||
| Data-driven pricing analyst | ||
| Cardiff / hybrid 2-3 dpw office-based - Negotiable | ||
| Senior Pensions Administrator | ||
| Various UK locations / hybrid - Negotiable | ||
| Capital Actuary | ||
| London - £140,000 Per Annum | ||
| Reporting Manager - South East/Hybrid | ||
| South East, Hybrid - Negotiable | ||
| Project-oriented pensions consultant ... | ||
| Any UK Office location / Hybrid working, 2 days p/w in office - Negotiable | ||
| Senior BPA Leader | ||
| London / hybrid 3 dpw office-based - Negotiable | ||
| Risk Settlement Project Support | ||
| UK-wide / hybrid 2 dpw office-based - Negotiable | ||
| Risk Settlement Lead | ||
| UK-wide / hybrid 2 dpw office-based - Negotiable | ||
| Pricing Analyst - Life Actuarial | ||
| South East / hybrid - Negotiable | ||
| Senior Actuarial Trainee | ||
| South East / hybrid 3 days p/w office-based - Negotiable | ||
| Head of Capital | ||
| London - £160,000 Per Annum | ||
| Actuary – Broker | ||
| London - £150,000 Per Annum | ||
| Senior Pricing Analyst - Travel Insur... | ||
| London / hybrid 3 dpw office-based - Negotiable | ||
| BPA Analyst - Non-actuarial | ||
| North West / hybrid 50/50 - Negotiable | ||
| Financial & Insurance Risk Actuary | ||
| Scotland / hybrid 2 dpw office-based - Negotiable | ||
| Pensions (Scheme) Regulation Director... | ||
| London or Birmingham with flexible hybrid working - Negotiable | ||
| Cross-Asset Structurer - International | ||
| Zurich - Negotiable | ||
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