Bulk annuity transactions, buyout & buy-in

Keeping the risk transfer process simple

A bulk annuity purchase or move to a pension consolidator or capital solution is a significant undertaking. At XPS we aim to keep the transaction as effective and straightforward as possible. XPS’ specialist team has advised on buyouts, buy-ins and transactions providing better than PPF benefits (PPF + buyouts) for £15bn of bulk annuity transactions across more than 100 schemes. We combine risk transfer, covenant, investment and liability management expertise to implement the full range of solutions.

We assist trustees and sponsors in the following areas:

• Providing training on the buyout market, alternatives to buy-out, and process;
• Carrying out feasibility studies for buy-in or buyout, working alongside your current actuarial and investment advisors;
• Considering ways to accelerate the time-frame to a buyout or other risk transfer;
• Helping schemes prepare to go to market for quotations, including data cleansing and advice on a suitable asset strategy;
• Helping schemes monitor pricing and pick an opportune time;
• Covering the full range of solutions including consolidators and non-insured solutions; and
• Pricing information direct from insurers on a monthly basis.