2023 has been unprecedented in the risk transfer market. At the time of writing this, our market intel predicts that, once you take into account the change in market conditions, 2023 will have doubled the previous record for volume of bulk annuity transactions.
Evidentially, the de-risking market is thriving and is well set to continue to do so, as schemes continue to progress towards their chosen end-state. In 2023 we led 25 bulk annuity, superfund or longevity swap transactions ranging in size from £2 million to £5 billion. And with more schemes than ever planning to approach the market in 2024, our team is expecting to be very busy helping clients to achieve the right transaction for them.
Our team is proud to be at the heart of this market and has continued to provide innovative solutions tailored to achieve each of our clients’ goals. In 2023, we supported trustees and corporates across all scheme sizes in navigating the market from advising on the UK’s largest ever bulk annuity transaction to the UK’s first ever pensions superfund transfer.
WTW’s bulk annuity and longevity swap record over 2023 in numbers.
We hope you find this an interesting insight into this growing market and would welcome the chance to discuss further with you how your scheme can maximise its opportunities to manage risks in the current environment.
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