Broadstone advises on £1bn of pension buy-ins through SM&RT Insure

Broadstone has surpassed £1bn in bulk purchase annuity (BPA) premiums advised through its SM&RT Insure proposition, following a record year of activity in 2025.

During the year, the independent financial services consultancy advised on 36 BPA transactions through SM&RT Insure, securing £508m in de-risking premiums and protecting the pension benefits of more than 5,000 members.

The deals included 21 transactions valued below £10m and Broadstone’s first completed buy-out using Aviva’s Clarity fast-track option.

SM&RT Insure – Set Up, Monitor & Risk Transfer – was launched by Broadstone in 2021 to provide a structured and efficient process for small and medium-sized pension schemes entering bulk annuity transactions and moving towards wind-up.

The proposition is designed to ensure schemes are well prepared, increasing insurer confidence and improving the likelihood of successful, competitively priced outcomes.

Since its launch, SM&RT Insure has supported 61 schemes in total, with aggregate premiums now exceeding £1bn and benefits insured for more than 9,000 members.

Broadstone said demand for de-risking solutions among smaller schemes remains strong and is expected to continue into 2026.

Christopher Rice, head of trustee services at Broadstone, said: “I am immensely proud of our SM&RT Insure offering and dedicated team for giving so many small to medium-sized pension schemes increased confidence of a successful insurance transaction and supporting them on successful deals.