In this pensions de-risking update we look at facts and figures for 2017 and the outlook for buy-ins and buy-outs.
Since joining LCP in 1999 I have been helping our clients manage their pension risk. So when I saw a UK market for transferring this risk to insurance companies developing in the mid-2000s, I spearheaded the development of LCP’s own buy-in, buy-out and longevity swap team. Today this team is renowned as being the leader in our field, taking home 8 out of the 9 de-risking awards from the Financial Times and Professional Pensions since 2011.
As the head of the buy-in, buy-out and longevity swap team I have led on some of the industry's defining buy-in and buy-out transactions of recent years. My role is often that of a specialist lead advisor, working alongside incumbent actuarial and investment advisors. In this role I help clients negotiate structure and execute successful transactions.
One of our clients recently commented that I gave them huge confidence that LCP will deliver what is required. I was pretty happy with that because in a buy-in or buy-out transaction, nothing is more important.
I must say from my side that your advice was always excellent and put in very clear terms… you had my absolute trust and it was a real pleasure working with you.
In the first video from this new series - The what, why and how of insuring pension liabilities - we answer "how can you reduce longevity risk".
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
Press statement: LCP advises Pearson as it secures pension plan buy-ins totalling £1.2bn17 October 2017
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
How I have helped our clients
How we helped the Philips Pension Fund achieve full buy-out with a progressive de-risking approach
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
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.
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How I can help
We provide individual and high quality actuarial advice, taking a collaborative approach between trustees, employer and advisers, to ensure a focus on good member outcomes.Meet some of our experts
We are market leaders at each stage of de-risking, including planning, investment strategy, transactional services and wind up.Meet some of our experts
We help both trustees and sponsors prepare for and deal with corporate change.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