First medically underwritten buy-in expected within weeks

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Partnership expects to complete a medically underwritten bulk annuity deal within the next few weeks in a transaction believed to be the first of its kind.

The deal involves gathering medical information on members using a single-page questionnaire and using the information to set an aggregate price for insuring their liabilities. The insurer said it had been offering the proposition since the start of the year, targeting schemes with between 20 and 100 pensioner members. Director of corporate partnerships Will Hale (pictured) said: "We have been hugely encouraged. We have been working with all the major consultancy firms and have a pipeline of about 30 prospects which are at various stages from indicative quotes through to a couple whic...

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