LCP predicts buy-in and buy-outs to top £15bn in H1 2019

26 June 2019

LCP publishes on its website:

“LCP predicts that volumes of pension buy-ins and buy-outs completed by UK pension plans will top £15 billion for H1 2019, doubling the H1 2018 volumes of £7.8bn, which were a then record. The bumper start puts 2019 on track for exceeding £30bn for the full year, up from £24.2bn in 2018.

Already in 2019, LCP has been lead adviser on over £8.5bn of completed deals – more than the total annual volumes for the whole market prior to 2014. This has included leading transactions for the pension schemes of Commerzbank / Dresdner (£1.2bn full buy-in), Marks and Spencer (£1.4bn of buy-ins) and QinetiQ (£690m buy-in). Other notable deals in H1 2019 include the £4.6bn partial buy-out by the Rolls-Royce UK Pension Fund with L&G, the largest bulk annuity ever conducted in the UK.”

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