Pension Risk — market update: July 2014
The first half of 2014 has been a story of innovation and broken records: new structures for pension scheme funding and for longevity swaps; and new techniques in liability transfer that allow significant increases on previous deal sizes, as the market continues to evolve.
This year is expected to be a bumper year for pension risk transfer in the UK. In fact, the challenge could be finding a provider who isn’t too busy on other deals to get your deal done when the timing — and the price — is right.
The government’s proposals to change the rules on how individuals can access their pension savings have already had a dramatic impact on the individual annuity market. Provider capacity intended for this space in 2014 is expected to drive favourable pricing for bulk annuity deals…
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