The UK Bulk Purchase Annuity ('BPA') market hit record levels in excess of £40 billion in 2019*, and this trend is expected to continue.
As schemes approach full funding, pension scheme trustees and sponsors are increasingly choosing to pass their pension scheme risks to insurers specialising in pension scheme buy-ins and buy-outs. Indeed, some insurers are choosing to divest their capital-heavy annuity businesses by transferring them to these specialist BPA providers.
At this roundtable event on 24th September at 10am, hosted by Bruce Porteous, Global Insurance Investment Director at Aberdeen Standard Investments, you will hear from Justin Grainger, Head of Bulk Purchase Annuities at Phoenix Group, an established player in the UK BPA Market, Neo Mooki and Daniel McKernan, Client Director and Fixed Income Director respectively at Aberdeen Standard Investments, a leading manager of BPA assets.
Justin will discuss the practical aspects of how Phoenix approaches BPA business, Neo the client management aspects of BPA business, whilst Daniel will cover issues involved in constructing efficient insurance asset portfolios to back BPA liabilities.