Written Question·Treasury·UIN HL1949
Annuities
Tabled: 13 July 2026
Answered: 17 July 2026
Question
To ask His Majesty's Government what protections are in place in the UK to ensure bulk purchase annuities are guaranteed to pay the promised pensions for the rest of each member's life.
Answer
Bulk purchase annuities are provided by authorised insurers and regulated by the Prudential Regulation Authority. This requires insurers to hold capital and manage risks so that they can meet their long-term obligations to policyholders.Where a pension sc...
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