How the GHG scheme learned from one crisis to complete a buy-in during another

James Phillips
clock • 19 min read

Twelve years after its funding level was hit severely by the global financial crisis, the GHG pension scheme completed a £150m buy-in amid the Covid-19 economic chaos. James Phillips speaks to the key players about the journey.

A dozen years ago the General Healthcare Group (GHG) pension scheme had been hammered hard. The global financial crisis had knocked its funding level back to less than 70%, and its sponsor, BMI Hea...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Risk Reduction

LCP predicts over 300 buy-in deals will be completed in 2025

LCP predicts over 300 buy-in deals will be completed in 2025

Growth being driven by streamlined services for smaller schemes

Jonathan Stapleton
clock 14 March 2025 • 2 min read
Fuller's scheme completes full buy-in with Legal & General

Fuller's scheme completes full buy-in with Legal & General

Pub and hotel group said move demonstrates its financial strength and reduces liabilities

Jonathan Stapleton
clock 13 March 2025 • 1 min read
PP Endgame Summit: Two weeks to go!

PP Endgame Summit: Two weeks to go!

The summit will take place on Wednesday 26 March in London

Professional Pensions
clock 12 March 2025 • 1 min read
Trustpilot