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Irish bulk annuity market projected to exceed €1bn in 2023

By Brian Mulcair | March 21, 2023

Rising bond yields have resulted in some schemes seeing an improvement in funding levels to the extent that annuity settlement is now within reach much earlier than anticipated.
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The bulk annuity market grew rapidly in 2022 with completed transaction volume over the year more than five times higher than in 2021.

Rising bond yields have resulted in many defined benefit (DB) schemes seeing an improvement in funding levels to the extent that annuity settlement is now within reach much earlier than anticipated. This de-risking opportunity was a key factor driving the increase in the number of transactions in 2022 and this trend is expected to continue with the market projected by some providers to exceed €1bn in 2023.

WTW is proud to be at the heart of this market. In 2022, we supported trustees and corporates across all scheme sizes in navigating the market and achieving de-risking goals. In fact, we advised clients on transactions valued at €270m – over 55% of the total market. And with more schemes than ever planning to approach the market in 2023, WTW is expecting to support many clients in completing bulk annuity transactions this year.

For more information

You can find out more about WTW’s Pension Settlement Service here

If you would like to discuss these issues in more detail please contact your WTW consultant or a member of our Corporate Consulting Team

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Author
Brian Mulcair
Head of Corporate Consulting, Ireland
email Email phone +353 1 614 6885
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