Bulk purchase annuity
From ACT Wiki
Treasury - pensions risk - defined benefit pension schemes - pensions.
(BPA).
Bulk purchase annuities, or bulk annuities, are pension de-risking strategies used by pension fund trustees to manage and transfer some or all of the risks associated with providing final salary retirement benefits.
Under a bulk purchase annuity, an insurer takes on liabilities to pay pensions, in exchange for a payment from the pension fund.
See also
- Association of British Insurers (ABI)
- Annuity
- Buyout
- Defined benefit pension scheme
- Insurer
- National Association of Insurance Commissioners
- Occupational pension scheme
- Pension buyout
- Pension fund
- Pensions and Lifetime Savings Association (PLSA)
- Pensions Management Institute
- Trustee
