Publication

Risk transfer regulatory review 2025

calendar icon 12 December 2025
time icon 5 min

Authors

Lara Desay
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Lara Desay

Partner and Head of Risk Transfer Solutions

Michael Abramson
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Michael Abramson

Partner and Risk Transfer Specialist

1386X1000 0079 Catherine Thain
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Catherine Thain

Senior Actuarial Consultant

As 2025 comes to a close, we take a look back on a year filled with regulatory activity in pension risk transfer. If your scheme has a buy-in policy or is considering insurance, recent regulatory changes matter - they affect insurer security and pricing. We’ve pulled all of the relevant developments over the last year into one report so you have a clear, easy reference.

Key areas of focus during 2025 include:

  1. The Prudential Regulation Authority's (PRA) stress testing of major buy-in insurers
  2. Funded reinsurance
  3. Termination rights
  4. Quicker investment in new asset classes

Our report summarises these key areas of regulatory focus over 2025, how pension schemes could be impacted by these areas and a look ahead to 2026.

Read the report

If you have any questions or would like to discuss further, please get in touch

This communication has been compiled by Hymans Robertson LLP® (HR) as a general information summary and is based on its understanding of events as at the date of publication, which may be subject to change. It is not to be relied upon for investment or financial decisions and is not a substitute for professional advice (including for legal, investment or tax advice) on specific circumstances. HR accepts no liability for errors or omissions or reliance on any statement or opinion. Where we have relied upon data provided by third parties, reasonable care has been taken to assess its accuracy however we provide no guarantee and accept no liability in respect of any errors made by any third party.

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