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, trustees must...
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
