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Professional Investor - Netherlands

Fiduciary Management - UK

Our RunOn solution

We know that the end game options for well-funded schemes with strong covenants are increasing, so we developed our run-on solution for just such schemes. It is intended to allow schemes to run-on productively, secure in the knowledge that the scheme will be managed by a highly experienced investment team and receive downside protection by a third-party insurer.

Surplus can be built up further and regularly released, used for the benefit of pensioners, current employees and/or the sponsor.

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Quick facts about our run-on solution

  • It allows schemes to run-on in a risk-controlled way, building up a surplus to create additional value for sponsors, DB and DC scheme members.
  • The impact of funding shocks is mitigated because of funding protection provided by a major third-party insurer.
  • Assets are managed by an experienced fiduciary pensions team within a highly bespoke and conservative strategy.
  • The assets are invested to take advantage of investment growth, with a longer term objective of achieving a cost effective buy-out at a nominated point in the future (typically over 5-10 years).
Article

Resilient RunOn

Resilient RunOn is designed for well-funded DB schemes that want to stay in control rather than being driven purely by insurer timetables. This guide sets out how a fully hedged, risk-managed portfolio can help trustees and sponsors turn a strong funding position into a disciplined way of creating surplus while keeping member security front and centre.

It explores the upside of running on, from clear surplus-sharing rules and automatic guardrails to avoiding forced asset sales and keeping buy-out or superfund options open for later. Read the full guide in the PDF to see how Resilient RunOn can support a secure, flexible endgame strategy for your scheme.

Read the article
Front page resilient runon guide
Video

Is buyout still the only endgame?

In this video, Al Greenless and Vicky Casebourne explore “all things endgame” for well-funded DB schemes. They discuss how buyout is no longer the only gold standard, why genuine optionality is emerging between buyout, run-on and other routes, and how governance, surplus distribution and resilient investment design all need to work together.

Meet our experts

Johan Cras

Chief Executive Officer - UK

Emailj.cras@vanlanschotkempen.com

Vicky Casebourne

Head of Institutional Relations - UK

Phone+44 20 36 36 94 18Emailv.casebourne@vanlanschotkempen.com

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Discover the full range of expertise and services our team offers. Visit our contact page to learn more about our dedicated professionals and how they can assist you.
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There’s a saying in Dutch, Kom verder, it means many things and it’s our business philosophy. It captures the way we work with clients but also the way we steer our investee companies to deliver shareholder value through active engagement.

Capital at risk. The value of investments and the income from them can fall as well as rise, and investors may not get back the amount originally invested. Past performance provides no guarantee for the future.

Van Lanschot Kempen Investment Management (UK) Limited is registered in England & Wales with registration number 02833264. Registered office at 20 Gracechurch Street, London, EC3V 0BG Tel: +44 (0)20 3636 9400. Van Lanschot Kempen Investment Management (UK) Ltd, is authorised and regulated by the Financial Conduct Authority (FCA) with reference number 166063.