DB scheme transfers to insurers set to 'skyrocket'

Combined scheme liabilities fell by £1trn in a year

Martin Richmond
clock • 1 min read
Finch: "Once schemes have navigated the recent market turmoil, they should reassess their strategy"
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Finch: "Once schemes have navigated the recent market turmoil, they should reassess their strategy"

The recent market instability is expected to lead to a substantial increase in defined benefit (DB) schemes transferring their liabilities to insurers, according to analysis from Lane Clark & Peacock (LCP).

The consultancy has warned that as a result of the financial turbulence caused by last month's Mini Budget, which saw a sharp rise in long-term yields, significant short-term challenges have been c...

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