Pension risk transfer report
Pensions & benefits Pension risk transfer Endgame strategy and journey planning Post-transaction and wind-up support DB pensions Strategic journey planning RiskNavigating demand and supply in the buy-in and buy-out market
Insurers up their game amidst a changing landscape
Our 2025 report reveals a strong outlook for defined benefit schemes seeking to insure, with buy-in pricing expected to remain fiercely competitive over 2026 and schemes benefiting from innovation in key areas such as member experience.
Our report examines how schemes can successfully navigate these market dynamics, design and implement optimal endgame strategies to the benefit of trustees, members and scheme sponsors.
Inside the report:
- Endgame strategy – the emerging range of endgame options and alternative strategies available.
- Insurance supply and demand – the factors driving buy-in/out demand with £350bn to £550bn of buy-ins projected over the next decade, and expanding insurer capacity reaching record levels.
- Pricing dynamics – the factors that are creating fierce competition and the innovation that will drive continued attractive buy-in pricing over 2026.
- Insurer innovation – the increased focus by insurers on member experience and navigating the post-transaction journey, as the number of schemes transitioning from buy-in to buy-out rises sharply.
