Could surety bonds provide greater scheme security?

James Phillips
clock • 6 min read

A rarely-used insurance product guarantees the payment of DRCs in the worst-case scenario. James Phillips asks if it is appropriate for DB schemes

Defined benefit (DB) scheme trustees are paying more and more attention to the risk to their sponsor covenant, especially in the wake of major company failures over the past few years. In the ev...

To continue reading this article...

Join Professional Pensions

  • 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

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Risk Reduction

Seven small undisclosed schemes complete buy-ins with Aviva and Just

Seven small undisclosed schemes complete buy-ins with Aviva and Just

Transactions secure the benefits for combined 307 pensioners and 274 deferred members

Martin Richmond
clock 10 May 2024 • 2 min read
Rathbones schemes complete £100m buy-in with Canada Life

Rathbones schemes complete £100m buy-in with Canada Life

Transaction secures the liabilities for 480 scheme members

Holly Roach
clock 09 May 2024 • 2 min read
John Turner Construction Group completes buy-in with Aviva

John Turner Construction Group completes buy-in with Aviva

Transaction secures the benefits of 18 deferred members and one pensioner

Jasmine Urquhart
clock 09 May 2024 • 2 min read
Trustpilot