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Barnett Waddingham
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Pension scheme consolidation

Published by Tom Hargreaves on

Traditionally, there have been two main pension scheme exit strategies:
  1. Prudent funding and running off the liabilities over time
  2. A buy-out with an insurance company

However, recent developments in the market mean there are now other options for employers who want to deal with the cost and risk associated with running a DB pension scheme.

“DWP’s White Paper, published in March 2018, promises to consult on new legislation for consolidation as well as an accreditation regime to build confidence in consolidation. The outcomes of this consultation will be instrumental in how widespread capital-backed consolidation becomes.”

To continue reading, please download the briefing note below.

Pension scheme consolidation
1.1 MB | PDF

About the authors

  • Tom Hargreaves

    Tom provides actuarial and consultancy advice to sponsors and trustees of pension schemes.

    View Biography

  • Richard Gibson

    Richard is a qualified actuary, advising pension scheme trustees and corporate sponsors on managing the risk exposure within pension arrangements.

    View Biography

  • Andrew Vaughan

    Andrew advises a range of UK and international businesses on DB pension issues including pension scheme funding, risk reduction exercises, pension benefit design, M&A transactions and accounting disclosures.

    View Biography

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