Subdued times for buyouts

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The slow death of defined-benefit pension schemes in the UK should mean good times for the bulk purchase annuity business – but volatile markets and low interest rates are keeping volumes subdued for the moment.

Dan DeKeizer is the chief executive of MetLife Assurance, the London-based bulk purchase annuity subsidiary of US insurer MetLife. One of his main concerns is adapting to the volatile market, which means closing deals not in weeks but in hours. “Volatile equity markets and low interest r