In this pensions de-risking update we look at the latest developments in buy-ins, buy-outs and longevity swaps, including: facts and figures for H1 2018.
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.
Our latest thinking
In this pensions de-risking update we look at facts and figures for 2017 and the outlook for buy-ins and buy-outs.
Legal & General Assurance Society Limited (“Legal & General”) today announces that it has completed a £930m full buy-in for the members of the Tate & Lyle Pension Scheme.19 September 2019
LCP were the lead transaction adviser on the purchase of a buy-in policy by the Trustee of the British American Tobacco UK Pension Fund with Pension Insurance Corporation totaling £3.4 billion of liabilities.1 August 2019
LCP predicts full transfers from FTSE 100 pension schemes to insurers could soar from a total of £5bn to £300bn over next 10 years
A new report published today by pensions consultancy Lane Clark & Peacock (LCP) found that full transfers from FTSE100 defined benefit company pensions schemes to insurers through full buy-outs could increase from £5bn to £300bn in total over the next ten years as the pension buy-out market enters a new phase.25 March 2019
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 the Littlewoods Pensions Scheme engaged with the market to achieve transaction success
LCP Pension de-risking 2019
Our report this year finds that the insurance market is entering a pension scheme buy-out boom due to improved affordability, driven by stalling life expectancies, good asset performance and attractive insurer pricing.
LCP Pension de-risking 2018
Our 2018 de-risking report on the buy-in, buy-out and longevity swap market comes at a time when pension de-risking is more exciting than ever.
LCP Pensions de-risking 2016
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
LCP Pensions de-risking 2015
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.
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.Discover more
We are market leaders at each stage of de-risking, including planning, investment strategy, transactional services and wind up.Discover more
We help both trustees and sponsors prepare for and deal with corporate change.Discover more
We help pension scheme trustees and sponsors to determine the ultimate destination for their scheme and help them put together a plan to get there, including how to effectively manage the risks they face along the way.Discover more