Reflections on 20 years of Pension Risk Transfer

Buy-ins are now well-established and regularly dominate the headlines in the pensions press. But that has not always been the case. In this article, I reflect on how the buy-in came into being and why it has become the route of choice for many pension schemes. Take yourself back to March 2006. A small group of us at LCP was contemplating what the recent launch of a wave of new insurers seeking approval to write bulk annuities could mean for DB schemes. We saw potential benefit for trustees and sponsors, and so our Pension Risk Transfer practice was born.

Pensions governance and why it matters more than ever

Pensions have long been part of a school’s remuneration package. For teachers, this has historically been via the Teachers’ Pension Scheme (‘TPS’), with teachers contractually enrolled from the first day of employment, and for non-teaching staff, this has predominantly been via a Defined Contribution (‘DC’) arrangement. However, after several years of rapid change the landscape looks very different, with significant variety and diversity of pension offerings.

Health insurers utilising analytics for profitable growth

How can you boost ROI by embedding analytics into new product design, new business strategies and pricing approaches? Rising disease burdens and aging populations are increasing demand for medical care, while cost-side pressures are threatening health insurers’ profitability. By embedding analytics across your health insurance business, from designing products and setting prices to new business strategies, you can prevent margin erosion and enhance growth.

Raising standards of trusteeship and governance

 

Lifestyle Actuary

Dalriada Trustees Limited (Dalriada), one of the largest providers of professional trustee services to pensions schemes in the UK, has today announced the appointment of Sarah Brough as a professional trustee.

Lights Camera Actuary

For the next few months Zoe Bolton will be talking to the senior actuaries in these firms, getting a brief insight into their career paths and visions for the future. This month Zoe interviews Shil Patel the UK Managing Director at Dynamo Analytics

Travelling Actuary

This month's Travelling Actuary takes us to the iconic Boston to experience New England at it’s very best.

Site Search

Exact   Any  

Latest Actuarial Jobs

Digital Magazine

LATEST EDITION - OUT NOW

Actuarial Post's Digital Magazine Issue 172
 
ROLE OF AI IN FINANCIAL REPORTING: HYPE OR REALITY
 
Click the image above to view. Click here to receive your future copies of our monthly magazine

Author Companies

Actuarial Jobs & News Feeds

Jobs RSS News RSS