A question of longevity

The 2004 UK Pensions Act established 'scheme funding', a rule that means any employer wishing to rid itself of its pension scheme liabilities must find a counterparty, usually an insurance company, that can do a bulk buy-out. Deals transferring annuities between insurers are now quite common. Witness Canada Life's June purchase of £2.2 billion worth of annuities from Resolution Life, while Resolution did a similar deal on £1.5 billion of annuities with the Prudential insurer just the month

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

The future of life insurance

As the world constantly evolves and changes, so too does the life insurance industry, which is preparing for a multitude of challenges, particularly in three areas: interest rates, regulatory mandates and technology (software, underwriting tools and…

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here