Almost half of pension schemes plan for buy out/in
by Richard Kilner
Research commissioned by Clear Path Analysis has found that almost half (44%) of European pension schemes with less than £100m AUM are preparing for a pension buy-in or buy-out in the course of the next 12 months.
Over a two month period 131 pension schemes were surveyed, with almost a third (32%) believing that schemes with less than £100m need to take the above action due to new governance demands.
Head of Defined Benefit at Aviva Nick Johnson commented that recent years have been highly innovative for trustees, advisers and insurance providers, leading to a rise in the number of successful bulk annuity transactions.
Powell Duffryn Pension Plan Pensions Manager Michael McDonagh explained that price certainty is enhanced when variables and concerns are removed or reduced, enabling the best price to be achieved.