At the outset, getting to your pension endgame may feel like an uphill climb, with a constant looming threat of storms to hamper your progress. So, what measures can be taken to ensure a smoother path to the endgame summit?
76% of trustees agree it is necessary to revisit journey planning now endgame is in sight
Trustees must consider the impact when making strategic journey plans
The majority of sub-£250m schemes plan to achieve a buyout as their scheme’s endgame even if pricing opportunities are not necessarily in their favour, Mercer research finds.
Defined benefit (DB) schemes will have to wait an extra year and a half on average to agree a buyout compared to their pre-Covid-19 endgame journey plans, Barnett Waddingham estimates.
Pension schemes could be accidentally pushing themselves further from their endgame by agreeing “fashionable” buy-ins with insurers.