
UK Pension Risk Transfer Market Drops to £26 Billion in 2022
Despite decline, the British market topped £25 billion for the fourth straight year.
Despite decline, the British market topped £25 billion for the fourth straight year.
Will the PRT be financially solid? Will the sponsor be left worse off? How will transferred beneficiaries fare?
Market conditions could push some plan sponsors to consider risk transfers sooner, but funded status remains a key concern.
However, insurance companies likely won’t be able to accommodate the increased demand.
Prudential, MetLife to take over responsibility for 100,000 participants and beneficiaries.
A huge transfer from Lockheed cemented its lead, says S&P, as pension shifting grows.
Increasing funding levels are expected to spur another big year for pension risk transfers.
More than 90% of corporate DB plans with de-risking goals say they expect to divest all their plan liabilities in the next five years.