Pensions - Articles - Risk Transfer transaction final volume for first half 2021


Hymans Robertson confirms that total pension scheme buy-in and buy-out volumes over the first half of 2021 reached £6.8bn, with a further £0.9bn ‘Assured Payment Policy’ transaction, as it publishes its final half year analysis report.

 These are lower than average volumes with most insurers writing significantly less business than they usually would over this period, with smaller and mid-sized transactions dominating the market during that time. This is due to the fact that volumes were particularly high at the end of 2020, which led to a naturally quieter period at the start of 2021.

 The finalised volume of £7.7bn took place across 58 transactions in the half year to 30 June 2021.

 James Mullins, Head of Risk Transfer at Hymans Robertson, comments: “With a finalised £6.8bn of confirmed buy-ins and buy-outs as at 30 June 2021, the market has been quieter than previous years. Despite the slow first half of 2021, insurers are now at one of their busiest ever levels, with a strong pipeline of deals which they expect to transact before the end of the year, including several buy-ins of well over £1bn. This means that transaction volumes for the full year could still be over £25bn.

 “In the first part of 2021, Hymans Robertson’s risk transfer team led the advice on over £2bn of buy-ins and we are in no doubt that the remainder of 2021 will be a busy time for our team and the market in general.”

 A copy of the final report  

Back to Index


Similar News to this Story

Lack retirement confidence as cost of living bites
New research from PensionBee reveals that September is a pinch point for household budgets, with rising bills leading many to reconsider their long-te
Professional trustee market matures but growth slows
LCP’s latest and fifth annual survey on the Professional Trustee and Sole Trustee market – LCP Sole Mates highlights that while growth has slowed in t
Charities see improving DB pensions funding in 2025
The combined reserves of the largest 40 charities in England & Wales that sponsor DB pensions schemes now sits at £49bn in 2025, according to Hymans R

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.