Legal & General
predict assets worth up to £10bn could be transferred this year, beginning
with a £1bn deal within the year.
Simon Gadd, managing director for L&G’s annuities business, told the
Daily Telegraph the buyout market had never been busier: ‘There’s
probably £20bn worth of buyouts by value being tendered for at the moment,’ he
He said bigger deals were coming to the market and the first £1bn deal could
happen this year, as more than half a dozen schemes were at present looking at
‘Finance directors are looking at buyout options as regulation, longevity,
accounting rules and investment volatility have pushed pension costs and risks
up their agenda,’ Gadd said.
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