Legal & General’s Global Pension Risk Transfer Monitor Sees Record Breaking 2022 in US Market and Unprecedented Demand in UK
The Monitor reported a historic year in the US PRT market with an estimated $53 billion in total market volume, significantly exceeding the 2021 record of $38 billion.
- The Monitor reported a historic year in the US PRT market with an estimated $53 billion in total market volume, significantly exceeding the 2021 record of $38 billion.
- The improved funded status for pension plans and recent market volatility also contributed to the surge in PRT activity.
- In the UK, the Monitor reported that more than £25 billion of retirement income was secured with insurers in 2022.
- “We saw yet another record-breaking year in the US PRT market, signaling the growing strength and resiliency of the market.