Schroders to manage £400m of Utmost Life and Pensions’ annuity book

Written by Adam Cadle

27/02/2025

Schroders has been appointed by Utmost Life and Pensions (ULP) as a key partner to manage almost £400m of its annuity book.

This includes new agreements with two external pension schemes successfully completed by Utmost Life and Pensions in Q4 2024 with those assets having transitioned to Schroders in late 2024.

Utmost Life and Pensions, part of Utmost Group, operates both a closed UK life and pensions business and recently announced its entry into the large and attractive BPA market. It has built a team of over 20 specialists focusing on the BPA market, which has seen consistent growth and is projected to generate over £400bn in volumes over the next decade

Craig Baker, chief investment officer at Utmost Life and Pensions, said: “We are pleased to be working in partnership with Schroders during this exciting time for Utmost Life and Pensions. Schroders' expertise will play an important role in shaping the compelling proposition we are building for pension scheme trustees and members. Together, we are confident that we can deliver innovative solutions that meet the evolving needs of our clients.”

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