Over the last five years many schemes have turned to liability transfer exercises as they attempt to manage their risk. So far these have mostly been one-off projects such as enhanced transfer value exercises where members - typically deferred - are offered an enhancement to trade in a defined benefit for a defined contribution pot.
Another popular option has been the pension increase exchange, where retired members are given the chance to exchange non-statutory future increases in return for a higher starting pension from the...
To continue reading this article...
Join Professional Pensions
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date
