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PMI
15 March 2024

Aiming for buy-out

Technical News March 2023

In our recent Fiduciary Management Survey (see page 3), we found a significant increase in the number of schemes focusing on buy-out as a Long-Term Funding Target (LTFT). This shift has been driven in part by improvements to scheme funding positions as a result of increases in gilt yields across 2022. Regulatory pressures are also playing a role, and a buoyant insurer market is also helping to make buy-out look more attractive.

This guide explores how trustees can work with a fiduciary manager to help them plan and transact a buy-out, from thinking about investment strategies and taking an independent view on potential buy-out insurers, to ensuring that transactions run smoothly both at the time of buy-out and immediately afterwards.

I hope you find it valuable and practical.

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Last update: 10 April 2024

Pensions Administrator (SIPP)

Salary: £25000 - £32000 pa

Location: Glasgow

Head of Pension Fund

Salary: £70000 - £100000 pa

Location: Ellesmere Port (Cheshire)

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Salary: £50000 - £60000 pa

Location: Glasgow, hybrid working

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