
Drop in bulk annuity volumes hides rise in smaller pension buy-in deals, analysis finds
Total buy-in volumes fell by more than 20% year-on-year to £38.2bn, down from £47.8bn in 2024, according to Hymans Robertson.

Total buy-in volumes fell by more than 20% year-on-year to £38.2bn, down from £47.8bn in 2024, according to Hymans Robertson.

Ollie Le Farge said: “Accessible financial guidance can make a real difference by helping young people build confidence and resilience with their money."

Hymans Robertson expects that £1trn of pension scheme liabilities will have been insured by 2035.

Trust in the organisation managing their pension was a key priority for over half (54%) of members.

The firm’s latest paper stated that employers will need to step up and address the challenge of retirement adequacy to deliver real change.

The firm said trustees and sponsors should use the time before the next valuation to agree on the long-term direction, making sure all parties are involved in the discussion.

The firm reported that trustees are doing more checks on insurers’ admin capabilities to see what kind of service members will get both during and after the transaction.

Many schemes are ahead of expectations, but Hymans Robertson warned there is a risk of rushing into decisions.

The Employee Financial Stress Index, launched by Hymans Robertson Personal Wealth, found that Gen X workers reported the highest financial vulnerability at 40%.

Georgia Hall said: “The collaboration will enable us to support individuals with financial advice and assistance, as part of their recovery journey."

Research revealed a wide gap in pension savings between generations, which could get worse if nothing is done.

The service is aimed at improving how corporates oversee their schemes and work with trustees.
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