2026 PRT Trend Report

Navigate the Evolving Pension Risk Transfer Landscape

Market conditions over the past few years have put many defined benefit plans at or above full funding. That, coupled with a high interest rate environment and low annuity purchase prices, has led many plan sponsors to de-risk their defined benefit plans.

About This Report

This report is the result of October Three's annual market survey of insurance companies participating in the Pension Risk Transfer market. The data generated from this survey provides an overview of PRT transactions in the first half of 2026, with analysis of trends and insurance carrier insights to inform expectations for how the PRT market will perform over the coming quarters.

  • H1 2026 Pension Funding Update

  • Annuity Purchase Interest Rates Analysis

  • H1 2026 PRT Transaction Breakdown

  • Economic & Market Sentiment

  • New Deal Pipelines in 2026

  • Trends & Expectations

Ready to see where the Pension Risk Transfer market is headed?