Superfunds a strong 'plan B' in case of sponsor insolvency

Pensions lawyers say superfunds should be an alternative to buyouts or the PPF

Hope William-Smith
clock • 2 min read
The majority of law firms surveyed believed schemes would prefer consolidating
Image:

The majority of law firms surveyed believed schemes would prefer consolidating

Defined benefit funds with weak sponsors are “overwhelmingly” likely to consider superfunds as the most suitable path forward to preserve scheme stability, Willis Towers Watson says.

Its survey of 11 pension law firms found the majority (9 out of 11) believed schemes would prefer consolidating to establishing an insurer led buyout or entering the Pension Protection Fund (PPF). On...

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

Join now

 

Already a Professional Pensions member?

Login

More on Investment

Debunking seven myths about scope 3 emissions

Debunking seven myths about scope 3 emissions

Thomas Höhne-Sparborth describes seven key misconceptions he believes may have confused the market

Thomas Höhne-Sparborth
clock 06 December 2021 • 6 min read
Five banks were fined a total of €344m for FX cartel

European Commission fines banks €344m for FX cartel

Commission fines UBS, Barclays, RBS, HSBC and Credit Suisse over FX spot trading cartel

Jonathan Stapleton
clock 03 December 2021 • 2 min read
ESG Focus Online: Register now for event on Thursday

ESG Focus Online: Register now for event on Thursday

PP’s ESG Focus will look at issues including TCFD and sustainable investment

Professional Pensions
clock 30 November 2021 • 1 min read
Trustpilot