UK bulk annuities market hits record 42 billion pounds in 2019 [Reuters (UK)]
LEGAL&GENL GRP PLC S/ADR (LGGNY)
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Source: Reuters
UK bulk annuities market hits record 42 billion pounds in 2019 - Reuters 1 Min Read LONDON (Reuters) - The UK bulk annuity market for insuring company defined benefit, or final salary, pension schemes totalled a record 42 billion pounds in 2019, consultant Hymans Robertson said on Thursday. The total, nearly double 2018 volumes, included seven multi-billion pound mega-deals, Hymans said in a report, as companies increasingly offload their pension schemes to an insurer to take risk off their balance sheets. Insurers such as Legal & General ( LGEN.L ) and Aviva ( AV.L ) are active in this market. Reporting By Carolyn Cohn, editing by Sinead Cruise All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2020 Reuters. All Rights Reserved.
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