UK PRT volumes of around £35bn-£40bn are expected in 2026, according to Standard Life, with dynamics shifting as multi-billion-pound schemes come to the market.
The firm’s managing director – pensions risk transfer (PRT) & individual retirement, Claire Altman, said the multi-billion-pound schemes have “spent time preparing data and firming up buyout strategies”.
“The timing of these transactions could have a significant impact on total market volumes for 2026 as well as pricing dynamics,” she added.
“The return of these larger schemes has the potential to play a role in shaping insurer capacity and pricing. It remains to be seen how long favourable supply and demand dynamics will persist.”
Standard Life’s £700m deal for the Deloitte UK scheme earlier this year saw the scheme move to buyout in just over three months.
“This demonstrates how parties can work together on an accelerated timetable following early data preparation and a pragmatic approach to post-transaction work,” Altman said.
