Pension buy-in/buy-out breakfast briefing (smaller schemes)
9 February 2012 8:20AM

Buy-in/buy-out for smaller schemes.

This session is a repeat of the breakfast briefing held on 24 November 2011.

Large buy-outs and buy-ins have attracted the headlines - despite 90% of transactions in 2010 being under £50m. This briefing will assess market opportunities for pension schemes looking to execute buy-ins and buy-outs of less than £100m. It will address questions including:

• What is the business case for pursuing a buy-in or buy-out for a smaller pension scheme?
• Which insurers are interested in transactions of this size?
• How can you gain interest from insurers to achieve an attractive price?
• What flexibility is there to negotiate favourable commercial terms with insurers?
• What can you do to maximise the chances of execution?
• How can costs be kept proportionate without leaving the scheme exposed to future risk?

Guest Speaker

Peter Shave is a partner in Wragge & Co's 50-lawyer pensions team. He advises on all aspects of pensions law including buy-outs and buy-ins with particular experience of acting for trustees of UK schemes sponsored by employers operating within listed groups.

Peter has recently advised the trustees of a UK scheme (sponsored by an ultimately Swedish owned company listed on the NASDAQ OMX Stockholm) who bought in their pensioner liabilities and is currently advising the trustees of a UK scheme (sponsored by an ultimately UK owned company listed on the FTSE 100) on their buy-in to buy-out transaction.