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".
My name is David and I am a partner with 25 years' pensions experience. I provide Scheme Actuary advice to a broad range of trustee boards including pension schemes of insurers, regulated water companies and other organisations including those with parent companies in Japan, Canada and the US. In addition, I provide advice to trustees of schemes in the Channel Islands.
I have a particular interest in helping trustees and companies understand and implement insurance based de-risking strategies through buy-ins and buy-outs. I have advised on numerous transactions ranging in size from £3m to £1.6b.
I designed and implemented the ‘LCP streamlined process’ for buy-ins and buy-outs which offers smaller pension schemes the ability to access enhanced contractual terms (including legal advice on contracts).
We have been going through a buy-in process recently, and Dave Stewart and Sam Jenkins have both been excellent in guiding us through the process.
In this blog, David Stewart looks at the challenges facing small schemes wishing to de-risk through buy-ins and buy-outs.
Littlewoods Pensions Scheme completes £880m buy-in with Scottish Widows31 May 2018
With over £10bn a year of buy-in and buy-out transactions becoming the new norm, small schemes run the risk of being crowded out of the buy-in and buy-out market and receiving higher pricing. Using a streamlined service can help avoid this.8 February 2016
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.
Streamlined service for buy-ins and buy-out
A guide to our streamlined service for buy-ins and buy-outs.
Tidy up your legacy pension schemes
Could your company benefit from a tidy up of legacy pension schemes?
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