Utmost Life and Pensions set to enhance BPA offering

Written by Adam Cadle

11/09/2025

Utmost Group has said that it is looking to enhance its client proposition in the bulk purchase annuity (BPA) market, having made "good progress" in establishing itself in this sector so far.

Utmost announced that it had entered the UK pension bulk purchase annuity (BPA) market at the beginning of this year, having successfully transacted with two external pension schemes in Q4 2024.

It has since completed four full scheme buy-ins in the BPA market totalling £177m in premiums, securing the benefits for 1,127 pensioners and 1,365 deferred members.

Looking ahead, its interim report suggested that Utmost Life and Pensions is now "well-positioned" to capitalise on its BPA pipeline in the growing BPA market, with plans to further develop its offering.

Commenting on the results Utmost Group CEO, Paul Thompson, said: “I am immensely proud of the group’s strong performance in the first half of 2025, which has been a period of strategic momentum for both of our businesses.

“Utmost Life and Pensions has made good progress establishing itself in the BPA sector, with the completion of four full scheme buy-ins, reflecting the strength of our proposition in a competitive market.

“Looking ahead, we are focused on deepening our presence in the HNW and UHNW
segments, enhancing our client proposition in both the BPA and wealth solutions sector, and
driving sustainable, margin-accretive growth.

"I am proud of the ambition our teams continue to show, and we enter the second half of the year with optimism.”

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