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The Actuary The magazine of the Institute & Faculty of Actuaries

Pension de-risking to surge after quiet Q1

However, the firm said that insurers remain confident about their prospects for 2011 and reported activity of deals to date completed in Q2 2011 amounts to over £1 billion.

The outlook for the rest of 2011 also remains healthy, according to PCS' Q1 report, with no sign of supply side restrictions at the moment:

‘The desire to innovate on the part of the insurers is strong and we believe they are committed to offer whatever flexibility they can around contract and payment terms, in an attempt to make deals happen. This is balanced by a strong desire by both trustees and sponsors to reduce their pension risk, or even liquidate their defined benefit pension scheme, if at all possible.'

Read the full report.