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

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Risk Reduction

Ferno UK pension scheme  secures £4m buy-in with L&G

Ferno UK pension scheme secures £4m buy-in with L&G

Deal secures benefits of around 100 members and means all members are insured

Jasmine Urquhart
clock 09 October 2025 • 2 min read
DB surpluses up £48bn in year to September

DB surpluses up £48bn in year to September

XPS Group says £222bn aggregate surplus maintained, up £2bn last month

Jasmine Urquhart
clock 07 October 2025 • 1 min read
FTSE100 scheme surplus exceeds £55bn

FTSE100 scheme surplus exceeds £55bn

LCP analysis of IAS19 surplus measures 120% aggregate funding level

Jasmine Urquhart
clock 02 October 2025 • 1 min read
Trustpilot