Risk transfer

The goal for many defined benefit (DB) pension schemes is to transfer their risk to an insurance company. Recently, the demand for risk transfer has been unprecedented. It’s more important than ever to be prepared so you’re ready to capture funding opportunities and maximise insurer engagement when you approach the market.

It’s vital to understand the insurance market. Our team bring market-leading insight:

• We’ve developed an excellent reputation amongst insurers for efficient, well-managed and well-executed transactions.
• We’ve supported eight out of nine insurers and ten out of twelve reinsurers, plus recent and prospective entrants to the bulk annuity market. 
• We have insights into insurer mind-set: 
  • Michael Abramson led the bulk annuity business and large transactions at Prudential and Legal & General.
  • Lara Desay has experience as Head of Origination and Operations at Scottish Widows.
  • Verity Hastie had a lead role in the business development team at Rothesay.
• We have strong relationships with senior individuals at every UK insurer, accelerating sign-off on the best possible price.

The alternative risk transfer market is developing alongside the traditional options of buy-ins, buy-outs and longevity swaps. The UK’s first pension superfund transaction was announced in 2023 and capital-backed solutions continue to evolve. We advised on the first ever superfund transfer from PPF assessment, so we have the expertise to help you consider your options and implement them efficiently.