Bulk annuity market is 'slow-burner'

Research conducted by Aon Consulting suggests instead of a surge of buy-out predicted by some parts of the industry, the pension buy-out market is instead set to be a ‘slow-burner’, with the average buy-out time likely to be more than 12 years. The survey of 150 companies with defined benefit (DB) schemes reveals 40% expect to remove scheme liabilities over a period longer than 10 years, while many larger schemes could take even longer, with almost 20% expecting to take more than 20 years. In addition, the findings show 68% of schemes are simply not interested in buyout at the present ti...