Bulk annuity market breaks yet another record with £17bn of first half deals

With all insurers having published their results to June, the first six months saw the highest volume of deals in any first half since records began in 2007. The £17.5bn figure compares to just £7.7bn recorded between January and June last year, the next largest first half, as well as the £16.5bn recorded in the second half of last year, the busiest half-year period until now. With another £1.1bn of deals having been confirmed as transacted since the start of July, the market is heading towards another record-breaking year. The current record was only set last year, when the market se...