Blumont Annuity Launches Operations to Provide Bulk Annuity Solutions in the UK

LONDON – 25 March 2025 – Blumont Annuity Company UK Ltd. today launched its UK-based business operations to provide bulk annuity solutions to pension schemes and their members.

As a wholly owned subsidiary of Brookfield Wealth Solutions, Blumont Annuity will join a well-capitalised group of highly rated insurers backed by high quality, resilient investment portfolios.

Brookfield Wealth Solutions was spun out of Brookfield Corporation in June 2021. The launch of Blumont Annuity UK further extends Brookfield’s presence in the UK, where it is a leading investor with over £63 billion of assets under management across infrastructure, real estate, and renewable power. Brookfield and its UK portfolio companies employ approximately 23,000 people across the UK.

Thomas Olunloyo, CEO of Blumont Annuity UK said: “Our mission and focus is to deliver great outcomes for pension scheme trustees and their members by providing safe and secure retirement income to pensioners for generations to come.”

Blumont Annuity UK’s launch of operations follows a comprehensive authorisation process by the Prudential Regulatory Authority and Financial Conduct Authority.

With over £500 billion of demand for pension buyouts expected in the UK over the next decade, Blumont Annuity aims to provide certainty of execution and excellent service to pension schemes and their members, making it easier for pension schemes of all sizes to reduce balance sheet risk.

About Blumont Annuity
Blumont Annuity offers retirement services and wealth protection around the world, specialising in pension risk transfer solutions for companies and financial security for individuals.

Blumont Annuity Company UK Ltd., based in London, offers bulk annuity solutions for pension schemes of all sizes in the United Kingdom. For more information, please visit www.blumontannuity.co.uk

Media:
UK.media@blumontannuity.com

Notice to Readers
Blumont Annuity Company UK Ltd is a limited liability company in England and Wales with registered company number 14130490. Registered office is at Level 26, 1 Canada Square, Canary Wharf, London, E14 5AB. It is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority, FRN 1014484.