We also share insights of each insurer in this market - almost all of which have had another record-breaking year in terms of buy-in/buy-out transaction volumes.

Despite this, excellent pricing opportunities are still available for pensions schemes which is causing a continued growth in demand. As a result, some insurers are having to turn some pension schemes away. So, schemes now need to be well prepared before approaching the busy market if they want to get on the front foot. But this alone might not be enough. Pension schemes will have to have a clear broking strategy, and a good understanding of how insurance companies think and operate, to stand out from the crowd and become more attractive to insurers.

Want to know more?

Episode 2 of our podcast focused on the pensions risk transfer market. James Mullins and Michael Abramson discuss the process insurers go through when asked to quote for a transaction. To find other ways to listen or to subscribe to our podcast visit our podcast hub.

How can we help?

Visit our Risk Transfer page and find out how our market-leading team can help you reach your pension scheme’s long term goal and ensure your members’ benefits aren’t left to chance.