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"
Image:

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...

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 Industry

Industry reacts to Labour Party manifesto

Industry reacts to Labour Party manifesto

Industry says questions remain over many pension policy details

Jasmine Urquhart
clock 13 June 2024 • 6 min read
Labour Party manifesto pledges pension review and climate action

Labour Party manifesto pledges pension review and climate action

Review will consider steps needed to improve outcomes and boost productive investment

Martin Richmond
clock 13 June 2024 • 1 min read
Green party sets out manifesto commitments

Green party sets out manifesto commitments

Fossil fuel divestment, pensions tax relief equalisation and state pension promise

Jasmine Urquhart
clock 12 June 2024 • 3 min read
Trustpilot