Utmost Life and Pensions confirms entrance to bulk purchase annuity market

Utmost Life and Pensions has said it has entered into the bulk purchase annuity (BPA) market.

The company said in its official press statement on the move that it had appointed new leadership, built a team of over 20 people focused on BPA and successfully transacted with two external pension schemes in Q4 2024.

The company, building on its existing annuity business, has established a “strong and credible” offering to address the significant demand for pension risk transfer in the UK, it said.

Please Login or Register for a free account to view this content. Benefits of registering include:

• Receive weekly Insurance Investor newsletter containing the latest articles and news
• Hear about latest industry developments and industry analysis first, and be informed ahead of the rest of the market
• Access exclusive invitations to Insurance Investor industry events in your local region, and meet with peers to network around research-led content programs