Buy Out
Part of the most appropriate risk management solution may be to buyout some or all of the pension scheme liabilities.
Over the last few years there has been an increase in the number of providers in the bulk annuity market which has increased competition, provided more focussed pricing options and resulted in the development of much more dynamic solutions than had been available up to that point. This has made the buyout process more complex and therefore the need for experienced professional advice all the more important. At Spence & Partners we can help trustees and scheme sponsors to consider the right issues and based upon the results implement a structured solution.
Key features of how we can help clients in this area include:
- Due diligence on the insurance companies in the buyout market
- Regular contact with the key players
- Wide knowledge of the buyout products available in the market
Where all liabilities are secured by buyout, the scheme then enters wind up and Spence & Partners is able to advise and assist employers and trustees through the process. Our sister company Dalriada Trustees has acted as independent trustee of a large number of pension schemes which have bought out their liabilities.
