In this blog, Yadu Dashora explains three red flags that could signal that a buy-in is not a good idea for your scheme (at least not right now).
Since joining LCP in 2009, I have advised clients in all areas of defined benefit pensions provision as a qualified actuary. I spend the majority of my time in LCP’s specialist insurance de-risking practice, helping both trustees and sponsors of pension schemes manage longevity risk within their scheme.
Over the last five years I have advised on a number of successful transactions, including the highly unusual MIRA PPF+ buy-out and the £1.6bn pensioner buy-in by the Total UK Pension Plan. I work with our clients to understand their objectives and ensure that they are well prepared for a transaction before approaching the market. This helps our clients obtain the best terms available so we can negotiate, structure and execute a successful transaction.
We look to our advisers for a number of skills – experience, knowledge and ability to manage projects confidently. LCP have all these skills, but perhaps above all, they communicate clearly and we all worked well together.
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
LCP has promoted ten of its staff to Partner as the partnership and business continues to grow.6 April 2017
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.
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.
How I help clients
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