UK pension de-risking deals are set to surge in 2016 as insurers prepare to provide them with record funding of £15 billion - £5 billion more than this year, according to consultant Lane, Clark & Peacock.

Growing capacity could reverse the fall seen in 2015, where UK buy-ins and buy-outs have so far totalled £10 billion against a record £13.2 billion achieved in 2014, according to the report by LCP released December 2.