How trustees can approach transfer value exercises

Mark van den Berghen explores the key questions for any transfer exercise

clock • 3 min read
Mark van den Berghen is principal and head of risk transfer at Buck
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Mark van den Berghen is principal and head of risk transfer at Buck

Transfer value exercises, in the right circumstances, can offer significant financial and operational gains to defined benefit (DB) schemes, their members and the sponsoring employer. It seems to be the turn of smaller schemes with fewer than 500 lives to undergo these exercises now that the mega schemes have gone through the process.

More small schemes are contemplating transfer exercises in part because improvements in funding have made exercises more financially viable. In addition, under the Pension Schemes Act 2021, trustees must...

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