Cost-cutting at leading insurers Prudential and Aegon has led to less choice in the bulk annuity market.
Gadd: lots of smaller deals going through
Nearly £1bn of buyout and buy-in business was done in the last quarter, with Pension Corporation taking the largest market share.
Two “well known” companies’ schemes are close to securing a first-of-its-kind derisking deal, offered by Prudential.
Pension Insurance Corporation (PIC) is on the verge of concluding two derisking deals worth £250m, following its buy-in with Cadbury.
Are corporate wrap plans the delivery method for occupational pensions in the future?