The significant expansion in the buy-out market has brought about substantial changes in the dynamics between trustees and insurers. In this video, Judith Fish and Tiziana Perrella delve into the evolving landscape, specifically addressing smaller schemes (defined as those under 200 million, as opposed to 20 million) and the shift towards a streamlined broking process.
Despite these alterations, Judith Fish and Tiziana Perrella emphasize that trustees should not shy away from these new regulations. Instead, they advocate for a realistic approach regarding the intricacies and timelines associated with the task at hand. They underscore the critical importance of thorough preparation of scheme data and benefit specifications, early engagement with the employer in the process, and the presence of a visible, organized project manager steering the course of action.
Last update: 28 November 2023
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