What’s on the cards
for the de-risking market in 2023?


LCP’s longevity de-risking team consider what might lie ahead for the de-risking market in 2023.

In this short report, read their key predictions for 2023 and explore how this might impact schemes that are considering insurance through a buy-in, buy-out or longevity swap.

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LCP’s top five predictions for 2023

  1. Buy-in/out volumes will reach a new record this year, breaking the £44 billion record set in 2019
  2. Pricing will continue to be attractive for schemes preparing properly, but schemes will need to work harder than before to secure active insurer participation
  3. There will be fewer partial buy-ins, more full buy-ins and some longevity swaps
  4. New innovation will help to address the illiquid asset challenges faced by some schemes ahead of insurance
  5. The chance of a new insurer entering the buy-in/out market is the highest for some years

How we can help

We are market leaders at each stage of de-risking, including journey planning, investment strategy, transactional services and wind up.

We help pension scheme trustees and sponsors to determine the ultimate destination for their scheme and help them put together a plan to get there, including how to effectively manage the risks they face along the way.

We help trustees achieve their strategic goals, with solution-led, appropriate advice.