Risk transfer spotlight - Smoothing the journey from buy-in to wind-up

As more Defined Benefit schemes secure benefits with insurers, trustees and sponsors are now starting the scheme buy-out and wind-up process. Many schemes have completed full-scheme buy-ins faster than expected, thanks to improved funding and favourable insurer pricing. 

However, this quick progress means essential work for buy-out and wind-up might not be underway. If this work is delayed until all benefits are insured, it could prolong the wind-up and increase costs, potentially reducing any surplus for members or sponsors.

While focusing on buy-ins, trustees might overlook the entire process from buy-in to wind-up. They may be unsure how long it will take or how to speed up the process and manage risks effectively.

In this report, we consider three main areas:

• How long can it take to wind up your scheme;

• What could cause delays; and

• How can schemes reduce the risk of delays.

Download report here

If you have any questions, or would like to discuss anything further, please get in touch.