US pension risk transfer market expected to close at £27bn in Q3

Written by Adam Cadle

21/11/2022

The US pension risk transfer market is expected to close at $27bn in Q3, the largest quarter on record and the second largest in market history, according to Legal & General Retirement America's (LGRA) latest Pension Risk Transfer Monitor.

LGRA said this year’s Q3 is only second to 2012’s Q4, which closed at $36bn.It added that 2022 will be the largest year ever for the US Pension Risk Transfer (PRT) Market at an estimated $55bn in total market volume.

The increased volume has been attributed to a number of particualrly large transactions, with the largest being IBM’s $1bn lift-out in Q3.

Sheena McEwen, VP, head of distribution at LGRA, said: “The record growth further emphasises that PRT is a key de-risking strategy for plan sponsors even amidst market uncertainty.”

There are no related documents to show at this time.

Portfolio optimisation in today’s challenging market environment

Adam Cadle speaks to Dr Laura Ryan, Head of Research at Ardea Investment Management, about the firm’s insurance asset allocation optimisation tool and the reasons for developing it

The role ETFs can play in the ESG journey for insurers

Justin Wheeler, Head of UK iShares Asset Owner Distribution at BlackRock, and Mark Guirey, Head of EMEA Insurance Segment and UK Asset Owner Client Coverage at MSCI, discuss the drivers behind growth in this area, market reactions to COVID-19, and the role of indexing