From buy-in to buyout – the operational challenges trustees cannot ignore

Darren Masters looks at when preparation pays off and when it doesn’t

clock • 4 min read
Darren Masters: The schemes that prepare early will complete. The schemes that don't will join the backlog.
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Darren Masters: The schemes that prepare early will complete. The schemes that don't will join the backlog.

The risk transfer market is moving at unprecedented pace, yet more than 1,000 schemes now sit between buy-in and buyout – a backlog that continues to grow, with 300-plus new buy ins each year and only around 100 buyouts completing.

In this environment, operational readiness has become the defining constraint. Funding is no longer the barrier. Insurer appetite is not the barrier. The real challenge is execution. My recent e...

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