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UK pension buyouts market will halve
03 June 2009
The market for transferring pension scheme risk to an insurance company will fall to £4 billion this year, as the full force of the financial crisis hits home
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[pension buyouts]
[Lane Clark & Peacock]
[risk]
[longevity]
The market for transferring pension scheme risk to an insurance company will fall to £4 billion this year, as the full force of the financial crisis hits home, according to a report from consultant actuary Lane Clark & Peacock. This is half of the £7.9 billion of buyout business written in 2008, but still exceeds the £2.9 billion written in 2007.
Charlie Finch,...
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