Whatever stage your pension scheme is at on its journey, our expert team provides valuable, flexible support to help define, plan and execute your endgame strategy. We help optimise the risk transfer journey, getting your pension scheme ready to secure the best deal or switch to the right investments and simplifying complexities of processes, data, transfers and protection.
We have significant experience of taking pension schemes of all sizes and complexities on the journey to buy-in and subsequently buy-out, and ultimately to wind-up.
Most endgame solutions involve transferring risk away from the pension scheme, its members and sponsoring employer to third parties. A variety of risk transfer solutions could be part of your pension endgame strategy, including:
We pass investment, longevity, interest rate and inflation risk to an insurer and fully secure member benefits, for either a group of members (partial de-risking) or all members.
We improve security and cost efficiency through a range of solutions from sharing services (such as administration) and pooling assets, to master trusts and ‘superfunds’.
We ensure risk-efficient asset allocation ahead of other endgame solutions or structuring investments to achieve self-sufficiency over a long-term run.
Where a pension scheme uses external capital to improve funding stability, we increase the likelihood of attaining their specified endgame in a particular timeframe.
For well-funded schemes with a sponsor in financial difficulty, we can secure benefits for members in excess of those provided by the Pension Protection Fund (PPF).
The pension trustees decided to test the market to see if the time was right to secure a buy-in of pensioner liabilities. There was a clear deadline for it to happen – the sponsor’s year end. If it went ahead, the buy-in would affect the company’s balance sheet so open discussions between the pension trustees and scheme sponsor were vital.
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