DC members unwittingly exposed to reinsurance credit risk

clock

Defined contribution members could be unaware that their policy is not protected against losses resulting from the collapse of an insurer, warns Pitmans Trustees.

The independent trustee firm said the problem stemmed from a lack of clarity from insurers of re-insurance credit risk. Managing director Richard Butcher (pictured) explained: "If someone takes ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • 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

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Reduction

STS Field Grant scheme secures £5m buy-in with Aviva

STS Field Grant scheme secures £5m buy-in with Aviva

Transaction secures the benefits of 14 deferred and 34 pensioner members

Holly Roach
clock 06 July 2026 • 2 min read
Oil and gas sector scheme secures £48m buy-in with Canada Life

Oil and gas sector scheme secures £48m buy-in with Canada Life

Transaction secures the benefits of 500 pensioner and deferred members

Holly Roach
clock 02 July 2026 • 1 min read
Royal Institute of British Architects scheme completes £35m buy-in with PIC

Royal Institute of British Architects scheme completes £35m buy-in with PIC

Transaction secures the benefits of 186 scheme members

Holly Roach
clock 25 June 2026 • 2 min read
Trustpilot