DLA Piper have conducted a survey of major insurers and consultants to get their insight on the health of the bulk annuities market after headlines suggested small pension schemes are struggling to gain a footing. The result of the survey suggests that small schemes aren’t being left behind and that the market is open for business no matter the size of the scheme. The report includes details on the small scheme-specific propositions offered by four leading insurance companies and insights from leading consultants on their top tips for success for small schemes.
Andrea Mendham, Partner at K3 Advisory took part in the survey and is quoted on page 12 of the report: “We welcome the entry of new insurers to the market and the improvements that many insurers are making to their small scheme propositions, which we believe will bring more opportunities and more competitive pricing in 2024 and beyond – good news for trustees, sponsors and most importantly members of small schemes.”
To view the report please click here.
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