{"id":1839,"date":"2025-08-14T11:30:48","date_gmt":"2025-08-14T11:30:48","guid":{"rendered":"http:\/\/www.xinetica.com\/?p=1839"},"modified":"2025-08-14T14:28:36","modified_gmt":"2025-08-14T14:28:36","slug":"lgs-2025-global-prt-monitor-signals-1tn-market-opportunity","status":"publish","type":"post","link":"http:\/\/www.xinetica.com\/index.php\/2025\/08\/14\/lgs-2025-global-prt-monitor-signals-1tn-market-opportunity\/","title":{"rendered":"L&G\u2019s 2025 global PRT monitor signals \u00a31tn market opportunity"},"content":{"rendered":"

Legal & General Group plc, a UK-based multinational financial services company specialising in insurance, asset management, and retirement solutions, has released its 2025 Global Pension Risk Transfer (PRT) Monitor.<\/p>\n

\"legal-general-logo-lg\"The report forecasts that over the next decade, up to \u00a31 trillion in pension liabilities could be transferred to insurers across global markets.<\/p>\n

According to L&G, this trend could enable companies to reduce risk on their balance sheets and focus on core operations, while providing long-term income security for millions of pension scheme members and directing investment into areas such as housing and infrastructure.<\/p>\n

The report estimates that the \u00a31 trillion opportunity could comprise as much as \u00a30.5 trillion in the UK, \u00a30.4 trillion in the US and \u00a30.1 trillion in Canada, with further growth potential in other markets.<\/p>\n

UK PRT volumes in 2025 are projected to be between \u00a340 billion and \u00a350 billion for the third consecutive year, following \u00a347.8 billion in 2024, the second-highest figure on record.<\/p>\n

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In the US, volumes totalled $51.8 billion in 2024, also the second largest year for the market, with expectations for 2025 in the range of $35 billion to $45 billion. Canada achieved a record CAD $11 billion in 2024, while the Netherlands and Ireland are also showing signs of expansion.<\/p>\n

In the UK, the market saw 299 transactions in 2024, with six insurers each writing over \u00a35 billion for the first time.<\/p>\n

Fourteen buy-in transactions exceeded \u00a31 billion, around one-third of which were completed by L&G, including deals with pension schemes sponsored by Deutsche Bank, SCA and Sanofi.<\/p>\n

Early 2025 has seen further large transactions, such as an \u00a3800 million buy-in with the Honda Group \u2013 UK Pension Plan and a \u00a3785 million buy-in with Anglo American.<\/p>\n

Smaller schemes are also increasingly active, with plans under \u00a3100 million accounting for nearly 80% of transactions in 2024. L&G\u2019s Flow proposition, aimed at supporting smaller schemes, has secured more than \u00a3800 million since its launch in 2022.<\/p>\n

Pension scheme funding levels in the UK are reported to be at historic highs, with The Pensions Regulator estimating that around half of defined benefit schemes are now fully funded or better on a buyout basis.<\/p>\n

L&G\u2019s longer-term projections suggest more than \u00a3500 billion could flow into the UK PRT market between 2029 and 2043, with service quality and member support playing a growing role in insurer selection.<\/p>\n

Internationally, the US market remains active despite a reduction in transactions over $1 billion in 2025. Buy-in transactions, more common in the UK, are becoming increasingly prevalent in the US, particularly as part of full plan terminations where pricing is secured ahead of buyout. Canada continues to grow, including over $3 billion in inflation-linked transactions last year.<\/p>\n

In the Netherlands, upcoming pension reforms could generate between \u20ac20 billion and \u20ac70 billion in PRT activity by 2028, while Ireland and Japan are showing early signs of growth.<\/p>\n

L&G says it is positioning for global expansion through strategic partnerships with Blackstone, the world\u2019s largest alternative asset manager, and Meiji Yasuda, a major Japanese mutual life insurance company.<\/p>\n

Andrew Kail, CEO, Institutional Retirement, L&G, commented: “The PRT market continues to enjoy significant momentum, with \u00a31 trillion in global opportunities. This momentum is driven by strong funding levels, regulatory clarity, and increasing sponsor engagement.<\/p>\n

“In the UK, the maturity of the market is reflected in both the scale and number of transactions completed each year. Meanwhile, the US is the world\u2019s largest DB market and other international markets are evolving rapidly.<\/p>\n

“What truly sets L&G apart is not just our scale, global reach, and nearly four decades of experience – but our unwavering commitment to delivering exceptional customer service. With deep expertise in both investment and insurance combined with our market-leading origination capabilities, L&G is well positioned to support pension plans globally through this exciting period.”<\/p>\n

The post L&G\u2019s 2025 global PRT monitor signals \u00a31tn market opportunity<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Legal & General Group plc, a UK-based multinational financial services company specialising in insurance, asset management, and retirement solutions, has […]<\/p>\n","protected":false},"author":1,"featured_media":1293,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[14],"tags":[],"_links":{"self":[{"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/1839"}],"collection":[{"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/comments?post=1839"}],"version-history":[{"count":3,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/1839\/revisions"}],"predecessor-version":[{"id":1842,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/1839\/revisions\/1842"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/media\/1293"}],"wp:attachment":[{"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/media?parent=1839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/categories?post=1839"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/tags?post=1839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}