Pensions Risk Transfer Market Projected To Hit £1T By 2031
Law360, London (February 11, 2021, 1:24 PM GMT) -- An estimated £1 trillion ($1.4 trillion) of British pensions risk will have been insured by 2031, a retirement consultancy said on Thursday, as more schemes seek to offload liabilities to insurers.
Hymans Robertson said the already rapidly growing risk transfer market will continue to expand in the next 10 years, with an additional £700 billion of pension liabilities set to be covered by insurers.
Companies with defined benefit occupational saving schemes increasingly want insurance to guard against shocks to the market or the risk that members will live longer than expected. The London-based consultancy said that £300 billion has been insured since...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!