Pensions de-risking
update - May 2022

Our viewpoint

Are we in the calm before the storm?

Early 2022 has seen a big jump in funding levels on full buy-in/out for many schemes – in some cases by over 5%. What has been driving this improvement? What steps should schemes be taking? And what does it mean for market dynamics over 2022 and beyond?

In this update we look at the latest developments in the pensions de-risking market, including:

  • An analysis of market dynamics and pricing
  • What Solvency II reform means for buy-ins/outs and longevity swaps
  • How small schemes can avoid being crowded out
  • Case study: Heathrow Airport’s £370m buy-in – How to run an effective phased buy-in strategy

We hope you enjoy this snapshot of market activity. If you have any questions or would like to discuss the topics raised in more detail, please get in touch or speak to any of our experts in LCP’s longevity de-risking practice.

Read the update