Pension scheme consolidation

Published by Tom Hargreaves, Richard Gibson, Andrew Vaughan on

Our experts

  • Tom Hargreaves

    Tom Hargreaves

    Principal and Senior Consultant - Corporate Actuary

  • Richard Gibson

    Richard Gibson

    Partner

  • Andrew Vaughan

    Andrew Vaughan

    Senior Partner

  • 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.