Connect with us


UK expects another strong pension risk transfer transaction in 2021




Charlie Finch, partner of UK consultant Lane Clark & ​​Peacock LLP in London, said the 2020 deal price was very attractive for pension funds and sponsors guarantee a 10% discount on deals.

The drop in prices occurred as credit spreads widened at the peak of the coronavirus pandemic.

But despite falling credit spreads, Finch added that “prices are still good at a historical level,” adding that the company is trading between £500 million and £1 billion.

Finch added that while last year’s pricing provided good value for money, some pension funds were unable to take advantage of favorable market conditions at the time due to low funding levels. With 12 months ahead, the DB plan is better funded and has more capacity to mitigate risk, even if prices are not exceptional, he said.

Finch also believes that acquisition opportunities have steadily improved over the past few years as the pace of lifespan growth slowed, despite the UK’s withdrawal from the European Union and the economic background of the coronavirus pandemic.

Another source added that insurers’ willingness to cover the deferred participant’s debt is an important factor to further support the UK risk transfer market in 2021.

Mike Edwards, partner of Aon PLC in London, said the UK insurance market has matured enough to support a larger number of full acquisitions in recent years. Edwards has built the ability over the past few years to provide insurance contracts that cover the liability of retirees as well as deferred participants for those who have recently entered the supplier market, such as Phoenix Group Holdings PLC.

Similarly, it added that more reinsurance companies are now developing the ability to take risks associated with deferred participant debt. “This partially reflects the recognition that the entire scheme trading market, including postponement, is expected to grow as more pension schemes reach their targets,” he said.

Some consultants estimate that the total transaction value in 2021 will be higher than in 2020, reaching up to £60 billion. This is due to pension funds entering the market for the first time, choosing a capital-assisted journey plan, or performing deferred long-term swaps. Participant.

For example, on March 18th, London’s AXA Pension Scheme conducted a £3 billion longevity swap with Hannover Re Holdings (UK) Ltd., targeting plan participants who have not yet retired.

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

picture credit


to request, modification Contact us at Here or [email protected]