One of the biggest decisions for trustees and sponsors of UK pension schemes is knowing if, when, and how to transfer risk to an insurer or alternative provider.
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No matter where you are on your scheme’s journey, we can guide you to a solution that best meets your needs and delivers your members’ benefits with certainty.
Explore our unique insight into the risk transfer market, where we provide our annual overview and analysis.
Opens in new window Risk Transfer Report 2026We help you understand the risks facing your scheme and prioritise action to take. If risk transfer is the right choice, you can be confident that our deep market knowledge will help you get the best value.
The goal for many defined benefit (DB) pension schemes is to transfer their risk to an insurance company. Recently, the demand for risk transfer has been unprecedented. It’s more important than ever to be prepared so you’re ready to capture funding opportunities and maximise insurer engagement when you approach the market.
It’s vital to understand the insurance market. Our team bring market-leading insight:
The alternative risk transfer market is developing alongside the traditional options of buy-ins, buy-outs and longevity swaps. The UK’s first pension superfund transaction was announced in 2023 and capital-backed solutions continue to evolve. We advised on the first ever superfund transfer from PPF assessment, so we have the expertise to help you consider your options and implement them efficiently.
In a busy market where more pension schemes can afford to fully insure their benefits, insurers are highly selective when providing quotations to smaller schemes.
Our core transaction offering is our dedicated risk transfer solution developed specifically for smaller schemes (typically schemes smaller than £150m). Leveraging our market-leading expertise, we develop a tailored broking strategy for each scheme to maximise insurer engagement - ensuring that every scheme, regardless of their size, secure outstanding pricing and a smooth transaction process. We've led on 65+ transactions less than £100m.
We also offer TRUST - a holistic risk transfer and investment offering designed for smaller schemes on their end-game journey. More information can be found in our flyer here.
Hymans Robertson's expertise was instrumental in delivering this excellent result for the Fund.
Precision gives you the tools to understand your scheme’s data and benefits, and the confidence to improve them so they’re fit for purpose now and in the future.
Your scheme data is the basis for your members getting the right benefits at the right time. Your data also needs to meet the Pensions Regulator’s (TPR’s) expectations and your objectives.
Partner and Head of Risk Transfer Solutions
Partner and Risk Transfer Specialist
Partner and Risk Transfer Specialist
Partner and Head of Alternative Risk Transfer Solutions
Risk Transfer Specialist and Head of Core Transactions
Risk Transfer Specialist
Thought leadership on the finance and investment industry
Opens in new window See all risk transfer insights
On 29 April 2026, the Prudential Regulation Authority (PRA) proposed sweeping changes regarding the use of funded reinsurance in the bulk purchase annuity market.
n this update, we summarise the activity in the buy-in, buy-out and longevity hedging markets during the second half of 2025, and the year to 31 December 2025 (‘the last year’).
In our latest case study, we explore an industry first for the Stagecoach Group Pension Scheme, where strong funding created opportunities beyond the traditional choice between buy-out and run-on.
Welcome to our 2026 Risk Transfer Report, the 10th annual edition bringing together key insights and trends shaping today’s risk transfer market.
