Trustees should seek legal advice before agreeing to insure a section of their scheme's membership with a buyout provider, an insurer warns.
Partial buyouts – where an insurance company takes over the liabilities of a section of a scheme’s membership – are being promoted as a way for schemes to cut costs without stumping up the full buy...
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