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.
A key difference between the private and public markets is the level of illiquidity and complexity, with private assets typically being less liquid and more complex than their public counterparts.
With pension scheme deficits having the potential to significantly impact a company’s accounts, company directors should be considering ways to improve their UK DB scheme’s funding level.
The final transaction figures for 2017 confirmed total buy-in and buy-out business volumes have exceeded £10bn, with a combined market figure of £12.2bn for the year. Head of bulk annuities, Gavin Markham explores.
Should bulk annuity purchases be of interest to more schemes? With 132 transactions in 2017, this is small compared to the 5,700 UK DB pension schemes. Are schemes missing a trick, or does bulk annuity purchase only make sense in a minority of cases?
Will recently proposed regulatory changes in respect of equity release mortgages affect the solvency of insurers?
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.
Are bulk annuities a potential option for your scheme? It could be the right time to consider a transaction.
This survey relates to constituent companies of the Dutch AEX, French CAC40, German DAX, Spanish IBEX, Italian FTSE MIB and Scandinavian OMX share indices that have UK subsidiary companies with defined benefit (DB) pension schemes.
This survey relates to Dutch companies, almost all of which are constituents of the AEX index, that have UK subsidiary companies with defined benefit (DB) pension schemes.
This is our first annual survey of US companies which have a UK subsidiary with a defined benefit (DB) pension scheme.
When the Alliance Trust Companies’ Pension Fund needed winding up, we used our specialist teams and strong project management to bring together every aspect of a highly complex process.
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 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.