Exploring the advantages of BPA value share arrangements

Argyll Covenant’s Paul Galpin and Richard Hall explore the ‘new type of BPA structure’

clock • 6 min read
Argyll Covenant's Paul Galpin and Richard Hall
Image:

Argyll Covenant's Paul Galpin and Richard Hall

There has been no shortage of employers and trustees wanting to transfer their defined benefit (DB) pension obligations to an insurer, viewed by many as the “endgame”.

This allows the employer to sever links with what is a potential source of risk and trustees to find a secure home for members' benefits, wholly independent of the covenant of the employer.  But...

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

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Risk Reduction

Utmost Life and Pensions sale to JAB Insurance completes

Utmost Life and Pensions sale to JAB Insurance completes

Former BPA arm to rebrand as JAB Pensions

Alex Levy
clock 29 October 2026 • 2 min read
Welsh National Opera scheme signs £11.1m buy-in deal with Utmost

Welsh National Opera scheme signs £11.1m buy-in deal with Utmost

Transaction secures the benefits of 158 scheme members

Holly Roach
clock 22 October 2026 • 2 min read
Interface scheme secures £85m buy-in with PIC

Interface scheme secures £85m buy-in with PIC

Transaction secures the benefits of 1,117 scheme members

Holly Roach
clock 21 October 2026 • 1 min read
Trustpilot