Working together to deliver a complex and large-scale journey to buy-out

In the UK, a significant proportion of defined benefit (DB) scheme assets are held by a small number of large schemes. These large schemes have unique needs and face different challenges compared with smaller ones. As advisers to half of the 20 largest schemes in the UK, and one in five with assets above £1bn, we understand these different needs and are sharing our insights through a series of case studies.  

In our latest case study, we explore how we supported a large DB scheme on its journey to buy-out. Through governance support and specialist advice, we helped the trustee navigate challenges, make informed decisions and secure all members' benefits.

• The client's situation: the challenges it faced as it approached the final stages of its journey to buy-out
• Managing a complex programme: why clear governance and defined responsibilities were essential to keep progress on track
• Balancing multiple priorities: how the trustee navigated decisions around data, surplus and insurer requirements
• Working together effectively: how close collaboration between the trustee, adviser team and insurer supported delivery
• Achieving buy-out: how a coordinated approach helped secure members' benefits and complete the scheme's objective

Read our case study

Large scheme case study series

You can catch-up on our other case studies by accessing our hub page, to see how large schemes are navigating their unique challenges.

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

This communication has been compiled by Hymans Robertson LLP® (HR) as a general information summary and is based on its understanding of events as at the date of publication, which may be subject to change. It is not to be relied upon for investment or financial decisions and is not a substitute for professional advice (including for legal, investment or tax advice) on specific circumstances. HR accepts no liability for errors or omissions or reliance on any statement or opinion. Where we have relied upon data provided by third parties, reasonable care has been taken to assess its accuracy however we provide no guarantee and accept no liability in respect of any errors made by any third party.