Exploring the advantages of BPA value share arrangements

Argyll Covenant’s Paul Galpin and Richard Hall explore the ‘new type of BPA structure’

clock • 6 min read
Argyll Covenant's Paul Galpin and Richard Hall
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Argyll Covenant's Paul Galpin and Richard Hall

There has been no shortage of employers and trustees wanting to transfer their defined benefit (DB) pension obligations to an insurer, viewed by many as the “endgame”.

This allows the employer to sever links with what is a potential source of risk and trustees to find a secure home for members' benefits, wholly independent of the covenant of the employer.  But...

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