"Legislation and compliance continue to increase complexity and the governance burden around defined benefit pension schemes, meaning even smaller schemes can become costly to run."
With a growing number of pensioners and recovery plan completions, many defined benefit (DB) pension schemes are starting to move into “needing to disinvest” assets in order to pay benefits. This poses far different challenges to investing in assets. At the same time, the Pensions Regulator is pushing schemes to think much harder about their long-term objectives...
Having a clear understanding of those horizon targets can help you actively monitor your scheme's position and identify opportunities to move to your definitive goal more quickly.
Securing scheme member benefits and ongoing member obligations at an early stage can also reduce the time sponsors and trustees alike spend managing the scheme and allow more flexibility in doing so. Knowing this, a significant number of schemes are expected to have the long-term aim of securing benefits with an insurance company via a bulk annuity purchase.
Briefing you over breakfast
Setting endgame objectives for a scheme and progressing a bulk annuity purchase can be a time-consuming and complex process. This breakfast webinar will see experts offering their experience and guidance in a relaxed setting to help you navigate these difficulties without the headaches.
Speakers from Barnett Waddingham and Pi Pension Trustees together explored how advisers, trustees and sponsors can drive forward these issues to ultimately deliver an efficient use of funds and, where appropriate, make the most of a pension schemes’ negotiating position to deliver the best possible terms for risk transfer.