Willis Towers Watson Breakfast Seminar: The stars align!

Are the stars finally starting to align for legacy defined benefit pension schemes?

Having seen strong returns on most asset classes, shrinking liabilities due to transfer activity, longevity growth subsiding, annuity price competition growing and secure income assets finally emerging as a realistic alternative to bonds, your scheme’s ‘end-game’ might not be as far away as you think.

On Wednesday, 28 March, we are hosting a breakfast seminar, chaired by Jane Armstrong, to discuss a range of hot topics and share our experiences on the latest developments in journey planning:

  • Graham McLean will provide an insight on recent developments we have seen in scheme funding. In particular, he will focus on how schemes are trying to lock in the improvement in funding levels generated by investment outperformance and the increase in the level of transfer values following the introduction of ‘pension freedoms’ which means that many schemes are maturing more quickly than anticipated.
  • Stephen Caine will discuss his view on how mortality projections have changed in recent times, how we may expect longevity to change in future and the ways by which schemes can better understand the life expectancy of their members.
  • Matt Wiberg will provide an overview of how the insurance market is evolving; both for pensioner buy-ins/outs and for longevity hedges as well as discussing the possible future capacity of the market.
  • Lok Ma will discuss how we expect an increasing number of schemes to adopt a ‘run-off’ approach for paying benefits as an alternative to a near-term buyout. He will consider what the corresponding funding and investment strategy might look like as well as how schemes can manage the residual risks that they face.

As part of the seminar, we plan to share details of the routes that some of our schemes are currently following and a few examples of how they plan to get there.

There is no charge to attend but space is limited. If you would like to join us, please register now. We look forward to welcoming you to an interesting and informative session