LCP warns on pension buyout demand
The cost to companies of transferring their pension scheme risk to an insurer looks set to rise as demand starts to outstrip supply, according to LCP Pension Buyouts 2010 published by Lane Clark & Peacock LLP.
LCP predicts £15bn of new business will be written during 2010. This is broadly double the £7.5bn in 2009 and would take the total liabilities insured since 2007 to nearly £40bn.
However, insurer
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