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

Athora receives regulatory approval for PIC acquisition

Athora receives regulatory approval for PIC acquisition

PRA greenlights £5.7bn takeover deal as Athora raises £3bn in new equity

Jonathan Stapleton
clock 06 March 2026 • 1 min read
Safeway scheme secures £80m buy-in with Canada Life

Safeway scheme secures £80m buy-in with Canada Life

BPA transaction secures the benefits of 350 deferred members and 1,450 pensioners

Martin Richmond
clock 02 March 2026 • 2 min read
One third think most schemes will reach buyout within three years

One third think most schemes will reach buyout within three years

SPP finds most professionals think fewer than half of schemes will complete buyout in three years

Jasmine Urquhart
clock 25 February 2026 • 1 min read
Trustpilot