UK pension insurance deals jump to record $50 billion in 2019, more in pipeline - advisers
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LONDON (Reuters) - The UK bulk annuity market, which involves insurers taking on the risk of company pension schemes, has soared to record levels above 40 billion pounds ($51 billion) in 2019 and is expected to stay strong as costs fall, advisers said.Bulk annuities have proved a revenue-earner for FTSE 100 insurers such as Legal & General and Aviva , with unlisted firms Pension Insurance Corporation and Rothesay Life also among the eight providers.The deals are designed to help companies..