In recent years, the pensions landscape has changed drastically. The significant rise in gilt yields over the past two years has resulted, on average, in sizeable improvements in scheme funding positions, accelerating the journey to their endgames. This has made the discussion about endgames more pertinent for trustees, sponsors and advisers.
This paper aims to broaden the thinking around the pensions endgame, acknowledging that buyout is the Gold Standard, but simultaneously raising the question “is it the be-all and end-all?"
Nikesh Patel highlights risks and opportunities for pension trustees and sponsors in our latest video.
As the fiduciary manager to Clara-Pensions, the UK’s first superfund, we are delighted to share news of their second transaction so soon after their ‘industry-first’ announcement in November.