Pensions in 2022 - Theme Four - Pensions risk transfer in 2022

In 2020, a record-breaking £55.8 billion of pension scheme liabilities were transferred. In 2022, this figure is likely to be exceeded. One major consultancy has predicted that up to £60 billion worth of pension scheme liabilities will be transferred in 2022.

And it isn't only the value of transactions that is increasing. Next year is also likely to see:

• a number of extremely large trades; and
• the more widespread use of a range of risk transfer solutions (with longevity swaps being highlighted as becoming increasingly popular).

In addition to traditional risk-transfer solutions, 2022 will see the development and perhaps even the launch of the UK's first collective defined contribution (CDC) scheme.

Finally, 2022 is likely to be the year that we see the first superfund transaction.