Bulk annuities

Tailored bulk annuity solutions for defined benefit pension schemes to meet their de-risking objectives.

Our expertise

Scottish Widows provides tailored bulk annuity solutions to defined benefit pension schemes to meet their de-risking objectives. A bulk annuity is an insurance policy that is purchased by pension scheme trustees to better secure members’ benefits by removing longevity, investment, interest rate and inflation risks associated with defined benefit pension schemes, either as an asset of the scheme (a buy-in) or by issuance of individual policies to the members (a buy-out).

A long history

A bulk annuity is a relationship which could last for over 50 years. We’ve been looking after policyholders’ interests for over 200 years, and we understand what it takes to provide long term security.

Financial strength

Scottish Widows is highly rated for financial strength by Moody’s and Fitch. Find out more about our financial strength.

A diversified and matched investment strategy

  • Our c£16.5 billion (as at end December 2022) annuity fund invests in a diversified portfolio of liability matching gilts and high quality credit investments.
  • These include illiquid assets (for example social housing loans, educational loans and infrastructure), which are a good match to long term annuity liabilities.

For more information, please talk to your pension scheme's risk transfer adviser.