 |
|
 |  |  |  |
According to research by Barnett Waddingham, a leading pension consultant, UK insurers completed bulk annuity transactions totalling around £13.2bn in 2014, setting a new annual high. In Quarter 4 of 2014, transactions worth nearly £4.7bn were completed which ensured the market finished the year strongly. |
Legal & General transacted the greatest value of business over 2014 with transaction worth about £6.0bn completed. Their business volumes were helped by one transaction worth £3bn, a new deal size record for an insurer, and another worth £2.5bn. Pension Insurance Corporation followed with over £2.5bn of business. However, while business volumes were significantly up, the number of transactions completed during 2014 actually fell compared to 2013.
Mark Paxton, Senior Bulk Annuity Consultant says:
“2014 was a record-breaking year for the bulk annuity market. The year was dominated by some very large transactions. It demonstrates that these multi-billion pound transactions can be achieved and, now that this has been done, we anticipate that there will be similar very large transactions in 2015.
“It is interesting that the number of transactions in 2014 was down from 2013. Pricing increased steeply towards the end of 2014 due to changes in market conditions and this will have impacted affordability for some schemes. However, schemes that have previously de-risked and have matched their investment strategy closely to insurer pricing may still have found pricing attractive.”
|
|
|
|
| Senior Pricing & Portfolio Management... | ||
| London - £150,000 Per Annum | ||
| Pricing Transformation Lead | ||
| London - £85,000 Per Annum | ||
| Lead Capital Actuary | ||
| London - £150,000 Per Annum | ||
| Take the lead on capital oversight | ||
| London / hybrid 2 days p/w office-based - Negotiable | ||
| Be at the forefront of creative GI co... | ||
| London/hybrid 2-3dpw office-based - Negotiable | ||
| Remote Market and Credit Risk Calibra... | ||
| Remote - Negotiable | ||
| Contact us about a Capital Contract i... | ||
| London / hybrid 2 days p/w office-based - Negotiable | ||
| Head of Insurance Risk | ||
| London - £160,000 Per Annum | ||
| Director - Pensions Risk Transfer (PRT) | ||
| London, Midlands, North West - hybrid working 2dpw in the office - Negotiable | ||
| Dip a toe into public sector work wit... | ||
| Flex / hybrid 2 days p/w office-based - Negotiable | ||
| P&C Consultant | ||
| London / hybrid 3dpw office-based - Negotiable | ||
| Take the lead client-facing projects ... | ||
| Various locations - Negotiable | ||
| Choose Life! Choose a major global co... | ||
| Various locations - Negotiable | ||
| Actuarial skillset? Apply now for Snr... | ||
| South East / hybrid with travel requirements - Negotiable | ||
| Financial Risk Leader - ALM Oversight | ||
| Flex / hybrid - Negotiable | ||
| Be the very model of a modern Capital... | ||
| London - Negotiable | ||
| Pensions Actuary seeking a high-impac... | ||
| London or Scotland / hybrid 3dpw office-based - Negotiable | ||
| Great opportunity for Pensions Actuar... | ||
| London or Scotland / hybrid 3dpw office-based - Negotiable | ||
| Responsible Investing Manager - Clima... | ||
| London/Hybrid - Negotiable | ||
| Quant Strategist | ||
| London/Hybrid - Negotiable | ||
Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.
Copyright © 2026 Actuarial Post. Created by Zero-One Design Ltd
