In this blog Charlie Finch outlines why 2018 has the best conditions for pension buy-outs in nearly a decade.04 January 2018
Charlie Finch -
I joined LCP in 2000 and provide pensions advice to both companies and pension plan trustees with particular focus on strategic advice and longevity de-risking.
I jointly set up LCP's award-winning buy-in, buy-out and longevity swap practice in 2006 and have since helped many clients to design and implement buy-ins and buy-outs to reduce longevity risk. Transactions range from £10m to over £3bn including some of the most innovative in the UK such as for the ICI and Philips pension funds.
Advising from a strategic level right down to execution requires a wide range of skills – funding, investment strategy and a deep understanding of the de-risking markets. I find nothing is more rewarding than helping clients achieve meaningful steps and delivering results that exceed their expectations.
What clients say about me
- "I want to thank you and your LCP colleagues for your excellent work in achieving this outcome. Your professional, calm and considered approach to managing the project and reporting to the Steering Group and the Board has been greatly appreciated."
- "Your project management has been impeccable, and there is simply no way we could have achieved anything like what we have without it."
What you have achieved for the scheme is really quite remarkable, and will, I hope, stand us in good stead in the years to come. And you've done it in record time, but with no drop in your very high and professional standards. Thank you so much.
In this pensions de-risking update we look at market activity in the first half of 2017, and interview Matt Shelley from 3i about their recent buy-in.22 August 2017
This press release highlights the main findings of our 2018 report on the buy-in, buy-out and longevity swap market. It reveals that one of five FTSE 100 defined benefit schemes is now estimated to be over 80% funded relative to the cost of buy-out with an insurer.2 January 2018
The Trustee of the Plumbing & Mechanical Services (UK) Industry Pension Scheme (the Scheme) has entered into a £560m buy-in with Legal & General covering pensioner members of the Scheme.7 September 2017
A total of £5.1bn of pension buy-ins and buy-outs were completed by UK pension plans in the first half of 2017, an 88% increase on the same time last year (H1 2016: £2.7bn).10 August 2017
How I have helped our clients
How we helped one of the largest DB pension plans in the UK, ICI Pension Fund, progressively insure their longevity risk using innovative umbrella contracts
How we helped Aggregate Industries to effectively manage their pension risk with buy-ins, securing half of their liabilities and providing increased financial certainty.
Our 2018 report on the buy-in, buy-out and longevity swap market comes at a time when pension de-risking is more exciting than ever.
Our annual report on the buy-in, buy-out and longevity swap market looks at how the market has developed over the past 10 years
Our eighth report on buy-ins, buy-outs and longevity swaps reviews market activity over 2015 and the outlook for supply and demand over 2016 and beyond.
Our seventh report on the buy-in, buy-out and longevity swap market in 2014 includes insights from our award winning work with a wide range of pension plans.
How I can help
We are market leaders at each stage of de-risking, including planning, investment strategy, transactional services and wind up.Meet some of our experts
LCP LifeAnalytics is a unique tool that allows you to measure the longevity risk in your pension scheme.Meet some of our experts
We work closely with our clients to understand their pension scheme objectives and implement effective and creative strategies to achieve them.Meet some of our experts