Two-year buy-in and windup possible for smaller schemes

Cartwright says good preparation and administration essential for following through

Jasmine Urquhart
clock • 1 min read
Cartwright says smaller schemes should plan and prepare so they are ahead of buyout timelines
Image:

Cartwright says smaller schemes should plan and prepare so they are ahead of buyout timelines

A two-year buy-in and wind-up process is possible for smaller schemes, Cartwright says.

Director of administration Julie Yates said with many schemes "often unexpectedly" well-funded and looking to transact with insurers, there are often cases when small- to medium- sized schemes are ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

More on Risk Reduction

Low & Bonar Group scheme completes £50m buy-in with Just Group

Low & Bonar Group scheme completes £50m buy-in with Just Group

Buy-in which secures benefits of around 1,700 remaining uninsured members

Jasmine Urquhart
clock 14 February 2025 • 1 min read
Utmost Life and Pensions inks £18m buy-in

Utmost Life and Pensions inks £18m buy-in

Deal is second transaction for fledgling bulk purchase annuity insurer

Jonathan Stapleton
clock 14 February 2025 • 1 min read
Finning Pension Scheme completes £250m buy-in with Standard Life

Finning Pension Scheme completes £250m buy-in with Standard Life

Full scheme bulk purchase annuity insures the benefits of around 2,170 members

Jonathan Stapleton
clock 12 February 2025 • 2 min read
Trustpilot