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.
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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...

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