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Mark McCord
Verified
News Editor, Asia Times Financial
United Kingdom
Beats
Science , Environment , Technology , Health Policy
Content
By Mark McCord Verified| liferisk.news@ In 2020 the first capital-backed journey plan (CBJP) was completed, ushering a new way of transferring risk from the books of defined benefit schemes. The emergence of a de-risking structure underwritten by a third-party capital provider offered a means of improving scheme funding levels at a time when a large proportion of those in the UK were in deficit and the prospects of reaching buy-out or other financial targets looked dim
Questions Over UK Pension Risk Transfer Market as Government Mulls Defined Benefit Pension Surplus Changes
By Mark McCord Verified| liferisk.news@ UK Chancellor of the Exchequer Rachel Reeves’ announcement at the end of January that she wants to unshackle billions of pounds locked in defined benefit (DB) pension fund surpluses has raised questions about how such a move might impact the country’s bulk purchase annuity market. Reeves told a meeting of City chiefs that by releasing the money “trapped” in DB pensions, employers could allocate it to potentially more lucrative strategies outside of their scheme investment remits
Company Info
Asia Times Financial