Our Head of Bulk Annuities and Risk Transfer Partner, Rosie Fantom, joined Osborne Clarke's Head of Pensions, Jonathan Hazlett, for the first episode of the Destination 2023 podcast series, which discusses issues facing trustees and employers looking to secure their members' benefits with an insurer. 

The conversation – available to listen to below – began with an explanation of why many schemes are currently better funded and then explored how schemes can prepare for the buyout market.

Key topics included:

  • how to monitor a scheme's buyout funding level and when to start planning an approach to market
  • steps to take to protect a scheme's buyout funding level
  • involving the employer when setting initial funding and investment strategies
  • a typical set of transaction objectives
  • information needed when it comes to formally approaching insurers for quotations
  • what a benefit specification is and why it needs to be approved by the scheme's lawyers
  • the level of review and cleansing of a scheme's data required before approaching the market
  • other useful tips for achieving a good transaction outcome

Stay up to date with the Destination 2023 podcast series here

"Trustees and employers should discuss and agree clear objectives for the transaction. Considering these things at the outset will inform the preparation activities and how best to approach the market."
Rosie Fantom Head of Bulk Annuities and Risk Transfer Partner, Barnett Waddingham

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