Pensions liability management

Published by Nick Griggs on

Our expert

  • Nick Griggs

    Nick Griggs

    Partner and Head of Employer Consulting

  • Liability management exercises – also referred to as incentive exercises – offer scheme members the opportunity to modify or transfer their scheme benefits to better suit their needs, whilst also benefiting the sponsoring employer in terms of reducing the size of liabilities and risk exposure.

    Such exercises require collaboration between the trustees and the employer, and are subject to an industry code of good practice.

    Our new service leaflet provides further details of how these exercises can help employers to achieve their objectives for DB scheme liability management, including notes about the impact of the new DC flexibilities announced in the Budget on 19 March 2014.