Posted 2/19/2024, 2:30:00 PM
UK and US pension risk transfer markets see record years, over £100 billion combined
- UK pension risk transfer (PRT) market hit record £50 billion in 2023
- US PRT market reached estimated $45 billion in 2023, second largest year on record
- Landmark UK transactions include British Steel and Boots pension schemes
- UK annual PRT volumes projected to be £50-60 billion going forward
- Demand increasing with over £1.4 trillion UK and $3 trillion US in pension assets still on corporate balance sheets