Image:
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, trustee...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
