Exclusive sole insurer buy-in processes must be voluntary choice not forced inevitability

LCP says it is ‘entirely realistic’ for schemes of all sizes to target multiple insurer participants

clock • 5 min read
Charlie Finch: Schemes should not feel that there isn't a choice.
Image:

Charlie Finch: Schemes should not feel that there isn't a choice.

Lane Clark & Peacock’s Charlie Finch explains why he believes, despite a busy market, all schemes, whatever their size, should expect to be able to run a competitive insurer buy-in process, if they wish, rather than accepting that an exclusive sole insurer process is their only realistic option.

I was intrigued by the article in Professional Pensions last month - Nearly one in three buy-ins and buyouts were exclusive in 2022 - which suggested that "schemes of certain sizes should choose on...

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

More on Risk Reduction

Strategic run-on market set for influx of new entrants this year, EY report says

Strategic run-on market set for influx of new entrants this year, EY report says

Attractiveness of strategic run-on to grow as concept gains traction

Jasmine Urquhart
clock 17 April 2025 • 3 min read
The real question trustees should be asking – why?

The real question trustees should be asking – why?

Antony Miller asks why innovation in DB consolidation is moving at such a snail’s pace

Antony Miller
clock 16 April 2025 • 3 min read
South East Water Pension Scheme secures £120m buy-in deal with Just Group

South East Water Pension Scheme secures £120m buy-in deal with Just Group

Second transaction with the scheme means all member benefits are now insured

Holly Roach
clock 14 April 2025 • 2 min read
Trustpilot