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A seismic shift
in the buy-in / out market – how can my scheme adapt?

Our viewpoint

In this webinar, the authors of our latest de-risking report explore the seismic shifts we are seeing in the buy-in and buy-out market.

Last year we predicted a skyrocketing buy-in / out market following dramatic improvements in schemes’ funding levels in the aftermath of the gilts crisis and drastically accelerating demand for buy-ins and buy-outs.

Fast-forward 12 months and we have indeed seen a seismic shift in the market, with 2023 on track to eclipse 2019’s record transaction volumes of £43.8bn and the record for largest scheme to reach full insurance having already been broken twice. This is testing insurers’ resourcing capabilities, with insurers reporting an increase of over 50% in the number of schemes seeking quotations in the first half of the year.

Our latest report asks whether this is just the start. Will demand for pension buy-ins / outs continue to grow rapidly and how are insurers responding? How are larger, mid-sized and smaller schemes adapting to a fundamentally changed marketplace?

Watch our on-demand webinar where the authors of the report share highlights and discuss key questions for trustees and corporate sponsors such as:

  • How schemes of varying sizes can and should approach the market – is an exclusive or competitive process the right approach for your scheme?
  • How did the two largest schemes to reach full insurance to date – RSA at £6.5bn and British Steel Pension Scheme at £7.5bn – run their processes to solve significant challenges and meet their stretching objectives?
  • How are insurers addressing capacity issues, will we see further new entrants, and is the first £10bn+ deal within touching distance?

Watch on-demand