Risk Reduction

Firm’s paper says sponsors should engage at three buyout stages to avoid higher costs

Transaction fully secures the benefits of all the scheme’s retirees and deferred members

Transaction covers 355 deferred members and 207 pensioner members

Transaction secures the benefits of 113 deferred members and 154 pensioners

Deal secures the benefits of 49 deferred and 50 pensioners members

Guidance ensure appropriate controls are in place to maintain policyholder protection

Deal secures the benefits of 5,900 retirees and 3,600 deferred members

Transaction covers remaining 28 deferred members and 139 pensioner members

Bulk annuity transaction will cover the majority of the scheme’s liabilities

BPA deal secures the benefits of around 2,100 members across two linked schemes