Risk Transfer
One of the biggest concerns for scheme trustees is knowing how and when to transfer risk to an insurance company.
No matter where you are on your scheme’s journey, we can guide you to the solution which best meets your needs and delivers your members’ benefits with certainty.
How we can help
At Hymans Robertson we can help you understand the risks to your scheme’s funding position and help you prioritise what action to take.
If risk transfer is the right choice for you, then you can be confident that our deep market knowledge will help you obtain the best value from your transaction.
The ultimate goal for many DB pension schemes is to transfer their risk to an insurance company. Over the next 5-10 years, growth in appetite from DB pension schemes to complete bulk annuity transactions means there will be times when insurers cannot keep pace with pension scheme demand. Rather than sitting tight, we can help you take proactive steps now to capture opportunities in stages. Doing so will also put you in a stronger position for when the time comes to carry out a full buy-out.
Read our 2020 Risk Transfer Report
In addition to the traditional options of buy-ins, buy-outs and longevity swaps, a number of new risk transfer options have become available to DB pension schemes in recent years. Click here to see a summary of all the options currently available to you.
Market-leading insurer insight
The buy-in and buy-out market is currently busy with all eight insurers being more selective on transactions. Now, more than ever, understanding the insurance market is key. Hymans Robertson:
- has an excellent reputation amongst insurers for running efficient, well managed and well executed transactions.
- advises 7 out of 8 insurers and 90% of reinsurers on longevity pricing, investments, reserving and other aspects of their business.
- has great insights into insurer mind-set through Michael Abramson's experience in leading the bulk annuity business and large transactions at Prudential and Legal & General
- We have built strong relationships with senior individuals at each insurer to accelerate signoff on best possible price.
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Recent risk transfer transactions
2020 Risk Transfer Report
In-depth analysis of the risk transfer market
Our annual risk transfer report tracks the recent key changes in the pension risk transfer market, with a particular focus on bulk annuities, and looks at what these could mean for your DB pensions scheme.
Risk Transfer Podcast
Join our hosts James Mullins and Michael Abramson as they dive into the different aspects of the risk transfer market. They share insights into the process insurers go through when asked to quote for a transaction and how to prepare your data so you can get your scheme in the best position before approaching insurance companies for quotes.
A great outcome
The Trustee is delighted to have taken another important step to materially reduce risk for its members. Hymans Robertson used their significant experience of the buy-in market to expertly guide us through this second buy-in; enabling us to insure a large proportion of our pensioner liabilities at a particularly attractive price – a great outcome for everyone associated with the Fund.
Andrew Evans
Chair of FCA Ltd, trustee of The Institute of Chartered Accountants Staff Pensions Fund
To see all our latest risk transfer content please visit our content hub.
Meet our Risk Transfer team
The information contained does not constitute advice and should not be considered a substitute for specific advice.