US Pension Risk Transfer Market Expected to See $10 Billion In Q3 Deal Volume
Legal & General Retirement America (LGRA), a leading provider of pension risk solutions in the United States, today released the Q3 2023 edition of the US Pension Risk Transfer Monitor, which analyzes industry trends and market outlooks in the US.
- Legal & General Retirement America (LGRA), a leading provider of pension risk solutions in the United States, today released the Q3 2023 edition of the US Pension Risk Transfer Monitor, which analyzes industry trends and market outlooks in the US.
- Following the largest first half on record for the US Pension Risk Transfer (PRT) market at $22.5 billion in deal volume, the Monitor reports an expected $10 billion in Q3 PRT market volume.
- While this is a decrease from last year’s third quarter, the market continues to exhibit rapid growth and total market volume is estimated to close at around $45 billion at the end of 2023 – the second largest year to date following 2022’s total of $51.9 billion.
- “We’re seeing a truly well-rounded PRT market in terms of the types and sizes of deals transacting.