Podcast

What's next for the risk transfer market? - Pensions and retirement conference 2025

calendar icon 27 May 2025

Key topics discussed

  • What’s driving continued growth in the risk transfer market – from capital availability to the rise of whole scheme transactions and insurer innovation.
  • The practical implications of administration bottlenecks and why trustees must plan early for the journey from buy-in to buy-out.
  • How evolving solutions like funded reinsurance and superfunds are expanding choice and flexibility in endgame planning.

This special edition of Hymans Robertson On… recorded live at our 2025 Pensions and Retirement Conference, explored the trends, challenges and innovations shaping the future of the UK pensions industry.

In this session, Lara Desay is joined by James Mullins and Michael Abramson to unpack what’s next for the risk transfer market: a fast-evolving space that has seen record-breaking volumes and increasing complexity in recent years.

From supply and demand dynamics to capacity constraints, evolving product options and the growing administration backlog, the conversation offers a candid look at the opportunities and risks facing trustees, sponsors and insurers alike. The panel dives into emerging solutions such as funded reinsurance, the growing role of superfunds, and the critical importance of member experience and insurer selection during the buy-in to buy-out journey.

If you’d like to follow up on anything discussed, please don’t hesitate to get in touch.

Hymans Robertson disclaimer

This podcast has been prepared by Hymans Robertson LLP, and is based upon our understanding of events as at release date. It is designed to be a general summary of topical investment matters and is not specific to the circumstances of any particular employer or pension scheme. The information contained in this podcast should not be construed as advice and not be considered as a substitute for specific advice as the information is generic in nature. Where a podcast refers to legal matters please note that Hymans Robertson is not qualified to provide legal opinion and therefore you may wish to obtain independent legal advice to consider any relevant law and/or regulation. Hymans Robertson LLP accepts no liability for errors or omissions. Your Hymans Robertson LLP consultant will be pleased to discuss matters raised in this podcast in greater detail. Guests views are separate to that of Hymans Robertson.

The information provided in this broadcast is not financial advice. Past performance is not a guide to the future. Please note the value of investments, and income from them, may fall as well as rise. This includes but is not limited to equities, government or corporate bonds, derivatives and property, whether held directly or in a pooled or collective investment vehicle. Further, investments in developing or emerging markets may be more volatile and less marketable than in mature markets. Exchange rates may also affect the value of investments. As a result, an investor may not get back the full amount of the original investment. Past performance is not necessarily a guide to future performance. 

Hymans Robertson LLP is authorised and regulated by the Financial Conduct Authority and Licensed by the Institute and Faculty of Actuaries for a range of investment business activities.

Speakers

Lara Desay
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Lara Desay

Partner and Head of Risk Transfer Solutions

James Mullins
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James Mullins

Partner and Risk Transfer Specialist

Michael Abramson
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Michael Abramson

Partner and Risk Transfer Specialist

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