UK insurer Royal London enters bulk annuity market

This content was published on March 8, 2024 - 10:01

1 minute

LONDON (Reuters) – UK life insurer Royal London has entered the market for corporate pension scheme insurance with a so-called bulk annuity deal for Royal Liver UK pension scheme, it said on Friday.

The mutual insurer also said in a statement it had transacted a bulk annuity deal with the trustees of the Royal London Group pension scheme, ahead of “intended participation” in the booming bulk annuity market.

Royal London reported a 19% rise in 2023 operating profit before tax to 249 million pounds ($318.89 million).

($1 = 0.7808 pounds)

Property in Switzerland is expensive - and the debt burden is also high.

Demographics

Mortgages in Switzerland: how the system works

Aging society

Is Switzerland repeating England’s housing mistakes?

Cats climbing the cat ladders erected on the façade of a house in Bern

Swiss oddities

What a love of cat ladders says about the Swiss

Switzerland leapfrpogs Singapore and Hong Kong in the new ranking

Switzerland regains crown as world’s most competitive nation

A view on June 6 of the millions of tonnes of rock, ice and other debris that engulfed the mountain village of Blatten in the Lötschental valley after a local glacier collapsed on May 28.

Climate adaptation

The devastating glacier collapse in Blatten: what next?

Train vs plane: would you take a direct train between London and Geneva?

Eurostar is planning to run direct trains from Britain to Germany and Switzerland from the early 2030s. Would you favour the train over the plane? If not, why not?

Join the discussion

Jun 13, 2025

12 Likes

7 Comments

View the discussion