Navigating a fundamentally changed market

The bulk annuity market has fundamentally changed. Not only are schemes better funded than ever before – we estimate 1,000 DB schemes are already fully funded on buy-out – but the ability of insurers to cater for the very largest schemes is transformed, with consequential implications for schemes large and small.

At our in-person forum, we will share our recent experience from working on some of the largest transactions in the market such as British Steel Pension Scheme’s £7.5bn buy-in programme and RSA Group’s £6.5bn full buy-in. This will help you get ahead of the curve in understanding how market dynamics are changing and the options for how large schemes should approach the market.

Hear from Simon de Baat, Group Capital Director at Intact, RSA's parent company, who will share his perspective of RSA’s record breaking £6.5bn with PIC in February 2023. The unprecedented scale and complexity of the transaction has truly expanded the art of the possible with insurers, providing new options for the UK’s largest schemes and their sponsors.

LCP's experts will cover common themes for larger schemes carrying out de-risking transactions, including latest endgame innovations, when to use a strategic partnership rather than full market approach and strategies for managing illiquid assets.

There will be plenty of time for questions and discussion, followed by drinks, canapes and networking.

Who should attend?

Whilst the event has a large scheme focus (scheme or transaction sizes upwards of £1bn) this event will also be of wider interest to the trustees and sponsors of other schemes who want to understand the latest dynamics in the endgame market and implications for their schemes.