Pensions - Articles - Understanding your DB Pensions Destination

70% of Trustees have reviewed their scheme’s Long Term Objective in the last 12 months, with many turning towards buy-out rather than self-sufficiency. However our research shows that many Trustees are not yet factoring in some of the newer end-game options to the decision process, such as consolidation. Hymans Robertson’s 'Understanding your DB Destination' paper explores each of the options available to help Trustees select the best one for their needs.

 Elaine Torry, co-head of DB Investment and author of the ‘Understanding your DB Destination’ paper explains this shift in trustee behaviours: “It’s not surprising that 70% of Trustees have taken TPR’s focus on setting appropriate Long Term Objectives as an opportunity to review their own plans*. We’ve seen a rise in popularity of trustees aiming for full buy-out while fewer appear to be targeting self-sufficiency. However, with 95% of trustees still working towards traditional goals it’s clear that more education and awareness is needed around the alternative opportunities now available.

 Trustees may not be fully considering some of the alternative self-sufficiency approaches or the newer end-game options such as exploring entering into a consolidator vehicle. By including some of these less traditional options into the review process, Trustees can have greater confidence in finding a Long Term Objective that best suits their needs and supports them to reach the best outcome for members.”


 * Hymans Robertson’s Trustee Barometer research 2019 – 70% of Trustees have reviewed their LTO in the past 12 months.
 ** Read the full ‘Understanding your DB Destination’ paper 

Back to Index

Similar News to this Story

Pensions Pandemic and how to prepare
The ongoing Coronavirus outbreak is a 'here and now' reminder of a disease which could become a pandemic[i]. The potential human impact is a
Transfer values regain lost ground in January
Defined benefit (DB) transfer values regained much of the ground they had lost in the last quarter of 2019, according to XPS Transfer Watch, and the n
House of Lords amendments to Pension Bill are a big surprise
Simon Jones, head of responsible investment at Hymans Robertson comments on the House of Lords climate risk disclosure amendment:

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS


Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.