Record Breaking Global PRT Market Activity Seen in 2023, Totaling Over $105 Billion in UK and US
Retrieved on:
Monday, February 19, 2024
The Monitor, which analyzes industry trends and market outlooks, showed an estimated £50 billion of pension liabilities were secured with insurers in the UK and $45 billion in the US.
Key Points:
- The Monitor, which analyzes industry trends and market outlooks, showed an estimated £50 billion of pension liabilities were secured with insurers in the UK and $45 billion in the US.
- The Boots Pension Scheme , another Legal & General transaction, plus two pension schemes of the RSA Group constituted the largest ever single and overall transactions, respectively.
- Five transactions of over £2.5 billion were announced compared to just one the previous year and only ten others between 2014 and 2022.
- In the UK alone, annualized volumes are projected to settle in the region of £50-60 billion, a significant increase from the average of £31 billion seen in the five years prior to 2023.