 |
|
 |  |  |  |
According to research by pension consultants Barnett Waddingham, UK insurers completed bulk annuity transactions totalling nearly £3.9bn in Quarter 3 of 2013. With transactions worth over £1.9bn, Pension Insurance Corporation (PIC) completed the greatest value of business in Quarter 3. This included the largest ever buyout in the UK – the £1.5bn transaction with the EMI Group Pension Fund. Rothesay Life had the second highest total with £1.2bn. The value of bulk annuity business won for 2013 is already well over £5.5bn. This is already the best year for the market since 2008 when £8.1bn of business was completed. Mark Paxton, Senior Bulk Annuity Consultant said: “The number of bulk annuity transactions completed is not particularly different to previous years but the amount of very large transactions has increased in 2013. Companies and trustees responsible for large historical pension schemes, such as the EMI Group Pension Fund, are seeing the benefit of removing the risk of these schemes by transferring them to an insurer. “The insurers have a large pipeline of quotations at the moment so we expect Quarter 4 to continue the positive trend.” |
|
|
|
| Specialty GI Pricing Leader | ||
| London - Negotiable | ||
| Senior Life Actuarial Assoc or Direct... | ||
| Bermuda - Negotiable | ||
| Health Insurance Manager | ||
| London/hybrid 2-3dpw office-based - Negotiable | ||
| Principal Actuary - Bermuda | ||
| Bermuda - Negotiable | ||
| GI Pricing Analyst | ||
| Wales / hybrid 2dpw in the office - Negotiable | ||
| International Investment Manager | ||
| Bermuda - Negotiable | ||
| Financial Risk Leader - Bermuda | ||
| Bermuda - Negotiable | ||
| Risk Transfer Consultant | ||
| Any UK Office location / Hybrid working, 2 days p/w in office - Negotiable | ||
| Senior Life Actuarial Analyst | ||
| South East / hybrid 3dpw office-based - Negotiable | ||
| Investment Manager - Credit Risk & Re... | ||
| South East / hybrid 3dpw office-based - Negotiable | ||
| Actuarial Project Manager | ||
| South East / hybrid 3dpw office-based - Negotiable | ||
| Senior Associate - Trustee Pensions | ||
| South East / hybrid 1-2dpw office-based - Negotiable | ||
| STAR EXCLUSIVE: BPA Pricing Actuaries | ||
| Flex / hybrid 2-3 dpw office-based - Negotiable | ||
| Ceded Re Pricing Actuary | ||
| London - £150,000 Per Annum | ||
| Senior Actuary | ||
| London - £180,000 Per Annum | ||
| Financial Reporting in Reinsurance | ||
| London / hybrid 2 days p/w office-based - Negotiable | ||
| Home Insurance Director | ||
| North West/Hybrid - £140,000 Per Annum | ||
| Head of Long-tail Global | ||
| UK/USA - £200,000 Per Annum | ||
| Challenge the pensions industry! | ||
| UK Flex / hybrid 2dpw office-based - Negotiable | ||
| Pensions Data Science Actuary | ||
| Offices UK wide, hybrid working - Negotiable | ||
Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.
Copyright © 2025 Actuarial Post. Created by Zero-One Design Ltd
