Pension Corporation co-head of business origination David Collinson talks through the barriers to completing a buyout and how schemes can overcome them.
He addresses the danger of market movements, the importance of rigorous compliance and what to do with poor quality data.
Collinson advises trustees to secure the services of a good experienced advisor to guide them through the process.
The bulk annuity market had a record final quarter in 2015 as buy-in and buyout deals totalled £5.4bn, according to LCP.
The Pensions Institute has predicted there will be rapid growth in medically underwritten bulk annuities as schemes turn to ‘top-sliced' deals and traditional insurers get into the market.
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Aviva's exit from the large-scale UK bulk purchase annuity market due to disappointing returns will not affect competition, Aon Hewitt says.
Almost 100 bulk annuity and longevity swap deals worth more than £50m have taken place in the UK since 2007 as part of an international trend, Mercer research says.