Pensions - Articles - Hymans Robertson comments on Philips PLC buy-out

 “Philips started their successful full buy-out process with an initial £484m buy-in in August 2013. This innovative approach allowed the scheme to put in place the governance needed to quickly capture future buy-in pricing opportunities. This sent a strong signal to insurers of Philips’ seriousness to complete successive buy-in transactions on its road to a full buy-out.
 
 “This strategy ensured that Phillips became the ‘go to’ pension fund for insurers to approach them to meet their challenging price targets. The result means the fund has achieved full insurance for all its members at competitive pricing levels, a great outcome for everyone involved with the fund.”