Despite the pandemic, pension risk transfer (PRT) activities reached an all-time high in 2020. So far in 2021, activity appears to be slowing, but still running above 2018 levels. As the global economy recovers, and with pension funding status rising, PRT could accelerate over the remainder of the year.
Pension Risk Transfer Activity in US and UK Markets*
($ Billions, as of June 30, 2021)
*Source: Pensions & Investments.