The pension buy-out market is in hibernation, but the specialist insurers are keen to keep the subject warm even if there is no business to be done.
They all aim for a slot at the top table of what is expected to be four or five big players when the market eventually consolidates. And they also expect to run the lion’s share of the UK’s pension fund assets in time. That is a big ambition, especially in the light of current concerns about the health of the life insurance sector.






