Deferred members dominate the DB universe but the high cost of insuring them makes bulk annuities out of reach for many schemes, even more so since the introduction of Solvency II. Kristian Brunt-Seymour explores what schemes can do.
At a glance Deferred members account for 45% of scheme memberships across private sector Solvency II has made deferred members 4%-8% more expensive to insure Transfer values and P...
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