The insurance company would divide the assets it acquires and sell portions of them on to other providers and reinsurers, in order to spread the risk of poor investment performance or administrator insolvency.
This kind of syndication is already standard in longevity swaps but has yet to involve actual assets.
But it has formed part of recent provider pitches, including Legal & General's unsuccessful bid to buy up part of RSA Group's scheme earlier this year.
L&G bulk annuity sales development director Hugo James would not discuss RSA specifically but admitted the group is keen to pass on assets from all future buyouts of £500m or more.
"In the buyout and buy-in market we would like to, in the largest deals, share the risk," he said. "Not many reinsurers have significant enough risk appetites but we have discussed it with some reinsurers and other insurers."
Lane Clark & Peacock partner and buyout specialist Charlie Finch claimed he expects syndication to be come a feature of bulk annuity business, adding it would have been done already had the market for buyouts not diminished substantially over the last year.
"To write some of the larger pieces of business most insurance companies would want to syndicate it," he said.
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