An Innovative Solution for Employers and Trustees of Defined Benefit Pension Schemes.
PensionsRisk LLP has developed a new and cost effective solution for managing the risks associated with defined benefit pension schemes.
Our innovative approach is particularly appropriate for mature pension schemes with relatively few active members. It helps companies deal with the problem of managing significant, and potentially very volatile scheme deficits which now have to be reported as a debt on the companies’ balance sheets. It also offers advantages to schemes in surplus.
This new approach which we have termed “PensionsRisk insurance” (PRi) involves the transfer of specific risks to an insurance company for a specified term (usually 10 years) allowing the scheme to continue to operate under the control of the trustees. It provides greater security for members and less risk to the employer.
PRi will be customised to meet the needs of individual pension schemes and employers
The overall goal is to create a high level of predictability for the scheme in terms of cost and value during the policy period – freeing management to concentrate on the operation of its core business. We believe that our innovative risk management approach gives companies a very cost effective solution for managing their defined benefit pension risk compared with conventional buyout. |
|
 PensionsRisk Insurance: A New Solution for Defined Benefit Pension Schemes |
|
|
