Pensions endgame: A new buyout reality for trustees

Improved funding levels have brought buyout within reach for many defined benefit schemes, but endgame is becoming more complex, not less. New research from Professional Pensions, produced in association with PIC, found that while bulk annuity transactions remain the preferred destination, operational realities are reshaping trustee decision-making. Meanwhile, administrator capacity constraints, pensions dashboards delivery, GMP equalisation and the challenge of divesting illiquid assets are all testing how quickly schemes can move. The research provides timely insight into how peers are...