Case studies

Client Case study

Assessing the endgame

02 Feb 2023

Our corporate client, a leading financial institution, had a well-funded defined benefit pension scheme (however they were at least a few years away from reaching buy-out) and wanted to review their endgame objectives. We helped them to consider whether to target buy-out or to run-off their pension scheme, with a view to economic value being shared back to the company at a later date. 

We helped the company understand:

  • The potential financial benefits and risks from pursuing a buy-out or run-off objective
  • How the company could extract value from the pension scheme under the run-off objective
  • The impact of low likelihood but high adverse cost events (i.e. black swan events)
  • The practical and legal considerations of following either strategy.

Read more about how this process led to establishing the preferred strategy in our case study.

Read our case study


If you’d like to discuss your approach in more detail, please contact us, or your usual Hymans Robertson contact.

Assessing the end game


Subscribe to our news and insights

0 comments on this post