Finance & investment briefing – March 2025
Our Finance & investment briefing (PDF) takes a look at current issues of interest to pension scheme investors. In this briefing UK Insurer Resolution Regime Legal update Risk transfer highlights...
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Our Finance & investment briefing (PDF) takes a look at current issues of interest to pension scheme investors. In this briefing UK Insurer Resolution Regime Legal update Risk transfer highlights...
There is currently no statutory resolution framework for UK insurers, similar to the UK framework for banks. HM Treasury is therefore increasingly concerned that existing processes available to assist struggling insurers are insufficient...
Notwithstanding the current economic climate, an increasing number of schemes seem to be finding themselves with a healthy funding position and the timeframe closing at some speed to being in a position to fully buy-out. This means that...
The risk transfer market has showed itself to be remarkably resilient through recent years’ events. Having worked on a significant share of market transactions over a number of years, our experience is that an increasingly mature market...
Sarah Henderson’s blog last month, “Why the rules are just the beginning…”, looked at steps to building a benefits specification for a bulk annuity policy. One of the steps was crystallising trustee discretions. Let’s look at...
A bulk annuity transaction is a transaction about risk. Funding and administering a DB pension scheme involves lots of risks. A bulk annuity transaction looks to transfer some of those risks from the scheme and its sponsor to an...
There has been a recent increase in the volume of longevity swaps being entered into by pension schemes. In 2020, the reported transaction volume for longevity swaps was judged by one consultant to be three quarters of the volume of...
Equalising benefits, particularly for the effects of unequal Guaranteed Minimum Pensions (“GMP equalisation”) has, for some time, been a pre-condition for insurers converting a buy-in policy in the name of the trustees to individual...
