The UK's buyout sector went through a period of dynamic growth in the middle part of this decade, as Legal & General and Prudential's duopoly was broken by a number of new entrants.
Some of these new players have either stopped writing new business or withdrawn from the market altogether, but Pension Corporation has continued to write deals even in the volatile conditions of the past 18 months.
Life & Pensions talks to Pension Corporation's chief financial officer, Rob Sewell, about how the impact of developments such as the emergence of longevity swaps, and an increased focus on credit risk, have affected the UK pension buyout market.
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