For UK Defined Benefit pension schemes, the endgame is no longer a one-route journey.
Improved funding positions and evolving regulation around surplus extraction are challenging the long-held assumption that buy-out is always the default destination. Trustees and sponsors now face a more complex strategic question, which endgame route delivers the best balance of value, risk and flexibility?
This whitepaper explores three key endgame strategies: buy-out, run-on and captive insurance buy-in.
Using advanced Asset-Liability Modelling (ALM), we analyze how each strategy performs across a wide range of economic scenarios through case studies of a £3bn closed DB pension scheme.
Download this whitepaper to discover:
- When buy-out remains the most appropriate strategy
- How run-on can create additional surplus opportunities
- Where captive insurance may offer a compelling alternative
- The trade-offs between risk, return, capital and cashflow
- Why endgame decisions must be tailored to each scheme’s specific circumstances
Gain data-driven insights to support more confident endgame decision-making.
Download the whitepaper now.
Contact
Ashish Doshi
UK Insurance Lead
Selina Wang
Senior Consultant - Insurance Solutions
Ben Hudson
Senior ConsultantRelated Insights
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