Bulk purchase annuity

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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