Exclusive sole insurer buy-in processes must be voluntary choice not forced inevitability

LCP says it is ‘entirely realistic’ for schemes of all sizes to target multiple insurer participants

clock • 5 min read
Charlie Finch: Schemes should not feel that there isn't a choice.
Image:

Charlie Finch: Schemes should not feel that there isn't a choice.

Lane Clark & Peacock’s Charlie Finch explains why he believes, despite a busy market, all schemes, whatever their size, should expect to be able to run a competitive insurer buy-in process, if they wish, rather than accepting that an exclusive sole insurer process is their only realistic option.

I was intrigued by the article in Professional Pensions last month - Nearly one in three buy-ins and buyouts were exclusive in 2022 - which suggested that "schemes of certain sizes should choose on...

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

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Reduction

£1.2bn Stagecoach scheme to transfer to Aberdeen in innovative run-on deal

£1.2bn Stagecoach scheme to transfer to Aberdeen in innovative run-on deal

Deal will see Aberdeen receiving a minority share of any surplus generated

Holly Roach
clock 04 December 2025 • 5 min read
Steamship pension scheme secures £55m buy-in with Royal London

Steamship pension scheme secures £55m buy-in with Royal London

Deal is the first in the UK between a mutual BPA provider and the scheme of another mutual insurance company

Holly Roach
clock 02 December 2025 • 2 min read
CF Fertilisers and M&G complete £265m combined buy-in transaction

CF Fertilisers and M&G complete £265m combined buy-in transaction

The full buy-in for two pension schemes secures the benefits of over 1,350 retirees and deferred members

Holly Roach
clock 01 December 2025 • 2 min read
Trustpilot