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Pensions & benefits

Buy-ins, buy-outs
and longevity swaps

When it comes to transferring your pension risk to an insurance company you only get one chance to get it right.

From the early steps of navigating your scheme’s de-risking journey to the final negotiations for a buy-in or buy-out transaction, we are the recognised industry experts. So you can feel confident that you’re in the best possible hands.

How we can help

Your journey to remove risk from your DB pension plan can be a challenging one and we're here to guide you throughout that journey.   

We’re often brought in as a specialist adviser, working constructively with your scheme actuary and investment consultant, to review buy-in, buy-out and longevity swap options. We don’t duplicate the work they do. Instead, our independent advice helps you plan, prepare and be ready to move with confidence.

We have a suite of award-winning technology to help you do this. LCP Visualise and LCP LifeAnalytics provide everything you need to know to make joined-up investment, funding and de-risking decisions.

When it’s time to execute a transaction, we are skilled negotiators who work hard to make sure you get the very best outcome. We help you move quickly to lock into short-lived pricing opportunities, just as the ICI Pension Fund did after the EU referendum vote (read about it here). That’s why we’ve been the lead adviser on more of the UK’s defining buy-ins and buy-outs than anyone else.

How we have helped our clients

ICI: a £10bn de-risking blueprint

ICI: a £10bn de-risking blueprint

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

MIRA: £70m PPF-plus buy-out

MIRA: £70m PPF-plus buy-out

How we helped the MIRA Retirement Benefits Scheme complete a £70m PPF-plus buy-out, putting members’ interests first

Our buy-ins, buy-outs & longevity swaps experts

Our viewpoint

When not to buy-in

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).

28 March 2017 Yadu Dashora, Partner

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