Five step approach vital for DB schemes looking to buyout

An ‘accurate all the time’ data set will benefit the scheme’s progression towards endgame

Jonathan Stapleton
clock • 2 min read
A five step approach
Image:

A five step approach

Insurers may refuse to quote and provide pricing for buy-ins and buyouts where the defined benefit (DB) pension scheme’s data is of a poor quality, warns Hymans Robertson.

The consultancy's latest whitepaper recommended a five-stage approach – including data audit, cleansing and ongoing management – that schemes should follow to ensure their data is up-to-date and fi...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Admin / Technology

Industry adoption of AI 'widespread', says SPP

Industry adoption of AI 'widespread', says SPP

Society’s survey finds 87% of industry have incorporated AI in some capacity

Martin Richmond
clock 17 March 2025 • 2 min read
PP launches 2025 Administration Survey

PP launches 2025 Administration Survey

Survey looks to track industry attitudes to both in-house and outsourced administration.

Professional Pensions
clock 14 March 2025 • 1 min read
PASA: Vital for schemes to get the fundamentals right on administration

PASA: Vital for schemes to get the fundamentals right on administration

PASA chair says there must be ‘positive dialogue’ between trustees and administrators

Martin Richmond
clock 07 March 2025 • 2 min read
Trustpilot