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How does Bulk Purchase Annuity (BPA) insurance work?
Pension funds pay a once only premium to a Life Insurer for a BPA policy - the Life Insurer becomes liable to pay every pension from then on, until the death of the annuitant
In return for receiving the assets from the Pension Fund, Life Insurers insure Pensioners and promise to pay the specified pension benefits until death
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BPAs are seen as quasi UK gilts, 100% FSCS protected, PRA regulated, yielding approximately Gilts flat
Pension Risk Transfer Market can be enhanced
Now that many Pension Funds are in surplus, capturing the surplus and providing better pension outcomes for members has become central to trustee and corporate thinking
Kuperstein deploys capital and its key insurance and reinsurance partners to deliver these enhancements
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