A new era for companies - Understanding the importance of DB endgames

The corporate pension viewpoint

Companies could be at risk of a sub-optimal endgame strategy if they don’t urgently engage with their scheme trustees.

We’re now over a year from the 2023 Mansion House announcement of pension reforms and the pensions world has changed significantly. We’ve seen the bulk annuity market reach its highest ever levels of activity, innovation in the consolidation and alternative risk transfer market leading to new settlement options, and more schemes considering the advantages of running on.

Our recent survey of over 300 finance and pension decision makers in UK companies showed that the endgame continues to be at the top of the agenda for companies with defined benefit pension schemes. However, it is clear the optimal solution is not usually black and white.

In this publication, we explore three key endgame themes that every company should be considering:

• Engage on endgame as soon as possible

• The optimal endgame solution is not black and white

• Flexibility is key 

Read the full publication 

If you have any questions or would like to discuss your own endgame strategy, please get in touch or visit our Excellence in Endgames Hub.

This communication has been compiled by Hymans Robertson LLP® (HR) as a general information summary and is based on its understanding of events as at the date of publication, which may be subject to change. It is not to be relied upon for investment or financial decisions and is not a substitute for professional advice (including for legal, investment or tax advice) on specific circumstances. HR accepts no liability for errors or omissions or reliance on any statement or opinion. Where we have relied upon data provided by third parties, reasonable care has been taken to assess its accuracy however we provide no guarantee and accept no liability in respect of any errors made by any third party.