Risk Transfer Spotlight

Insurers step to the plate: The new era of small scheme risk transfer

08 Jul 2024

In recent years, many pension schemes have achieved funding levels sufficient to fully insure benefits. This has sparked increased demand for buy-in quotations, particularly from smaller schemes. To manage this demand, insurers are leveraging technology to streamline processes and cut transaction costs. Currently, four insurers in the bulk annuity market have developed tailored offerings for smaller schemes, with expectations that more will join. Our recent webinar indicated that nearly half of the smaller schemes (under £200m) still struggle to engage insurers effectively. However, as insurers continue to improve their capacity and efficiency, this challenge is likely to lessen. Nonetheless, a detailed understanding of each insurer's offerings remains crucial for securing the best outcomes.

In this report, we focus on:

  • An overview of the move towards insurers’ streamlined processes
  • Comparing insurers' streamlined offerings for small schemes
  • Evaluating the advantages and disadvantages of streamlined processes


If you’d like to discuss your scheme’s approach to the risk transfer market, please get in touch.

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