Our team has strong ongoing relationships with all of the bulk annuity providers in the market, enabling us to develop bespoke deal solutions and ensuring our clients are aware of any offerings which can help them transact more efficiently and cost effectively.
We are also supplemented by dedicated expertise in the key related areas of investment, longevity and insurer financial strength assessments.
Working in partnership with you, we can advise on all aspects of the de-risking process including:
Our combination of trustee and company experience allows us to understand the perspective of both parties in a bulk annuity transaction, helping to facilitate a smoother process whilst achieving the underlying aims for our client and the pension scheme overall.
We recognise that the nature of bulk annuity deals is similar to other corporate/scheme transactions, where there is a need to be flexible, to respond quickly and to provide the appropriate level of support.
As the UK enters a period of significant change, Finance Directors and Pension Managers need a dynamic DB pension strategy that will be resilient in the face of changes in markets, whilst remaining cost effective over the longer term.
Speakers from BlackRock, Columbia Threadneedle and Insight Investments all predict little prospect of a normalisation in interest rates over the next year at our annual conference - Matt Tickle examines the forecast in more detail in his latest blog.
Marcus Whitehead looks back at Rupert Harrison's Investment Conference talk which highlighted how investors over-reacted to political risk in 2016, why they shouldn't make the same mistake in 2017 and learn to tolerate a certain amount of volatility.
It has been a steady start for the UK bulk annuity insurers in the first part of 2017. For schemes considering a partial transaction, pensioner pricing continues to look attractive relative to gilt yields.
Final reporting from the insurers for 2016 confirmed a flurry of activity in the last quarter of the year, with a significant amount of transactions completed. This resulted in total business with UK pension schemes of just over £10.2bn for 2016.
Significant bulk annuity and reinsurance transactions in the second half of the year see 2016 become another substantial year for the bulk annuity providers.
Highly competitive insurer pricing compared to gilts is providing extremely attractive opportunities for schemes to remove both financial and longevity risks.
This survey looks at constituent companies of the Scandinavian OMX Share Index that have UK subsidiary companies that participate in DB pension schemes and covers 18 companies with an aggregate of around £5.9bn of UK pension liabilities between them.
This survey looks at constituent companies of the Spanish IBEX and Italian FTSE MIB share indices that have UK subsidiary companies with DB pension schemes and covers 13 Southern European companies with around £39bn of UK pension liabilities between them.
As part of their most recent actuarial valuation, Tate & Lyle were seeking to continue to de-risk their £1 billion legacy DB pension scheme, but without a significant increase in deficit recovery contributions.
We jointly advised trustees and company on a medically underwritten pensioner buy-in achieving very significant savings of >10% relative to traditional approach – successfully securing around £25m of the pensioner liability at no additional funding cost.
We carried out an innovative buy-out for part of the Lloyd’s Superannuation Fund (LSF), a £500m multi-employer defined benefit scheme associated with the Lloyd’s of London insurance market.
We are delighted to announce the launch of a new business risk practice providing risk management services to corporate clients today. The new practice is to be led by newly appointed associate, Danny Wong.
Barnett Waddingham is thrilled to have been named Business Consultant of the Year 2015 at the inaugural Director of Finance Awards which took place at the Double Tree Hilton, Tower Bridge on 9 July 2015.
Barnett Waddingham has been named as Pension Adviser of the Year at the Corporate Adviser Awards 2015.