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

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Reduction

Pharmacists look to appeal over Boots Pension Scheme buy-in complaints

Pharmacists look to appeal over Boots Pension Scheme buy-in complaints

PDA Union says it will exhaust internal dispute processes before taking case to Ombudsman

Jonathan Stapleton
clock 12 June 2024 • 2 min read
L&G targets PRT volumes of up to £65bn by 2028 as part of strategy refresh

L&G targets PRT volumes of up to £65bn by 2028 as part of strategy refresh

Move aims to increase store of future profit and help catalyse asset management growth

Jonathan Stapleton
clock 12 June 2024 • 3 min read
Medical Protection Society pens £125m buy-in deal with Rothesay

Medical Protection Society pens £125m buy-in deal with Rothesay

The full buy-in secures the benefits of all 618 scheme members

Holly Roach
clock 11 June 2024 • 2 min read
Trustpilot