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...She added: “This is where the disquiet comes in for trustees — and their advisers too.”...
...Pension trustees have also said they are worried about the potential threat from such arrangements....
...Mark Cliff, chair of trustees for the Debenhams Retirement Scheme, said: “We are confident that transferring members’ benefits to Clara provides the best available outcome for them.”...
...include long-term insurance policies”....
...The UL network traces its roots to a late 19th century effort to help insurance companies save money by testing electrical products for fire risk....
...“Pension trustees went through quite a lot following the ‘mini’ Budget last year,” she said....
...You can buy travel insurance from insurance companies, banks, travel agents, supermarkets, holiday companies and online comparison websites....
...In any event, ask whether trustee indemnity insurance is in place, which might offer some reassurance....
...“The bigger funds are more nimble and can act quickly,” said Chris Roberts, managing director at Dalriada Trustees, a firm of professional trustees....
...Alan Baker, chair of trustees for Boots’ pension scheme, said the deal “gives added protection to our members’ long-term benefits by removing market uncertainty and other financial exposures”....
...However, givers will still pay national insurance contributions on any donations....
...Edi Truell, the City financier who established the Pension Superfund, said the regulator’s “pernicious and anti-competitive” gateway test — which states that if trustees can reasonably expect to do an insurance...
...This declaration tends to elicit chuckles from pension scheme trustees, and the PPF submitted in their response to the call for evidence around the question of a public sector consolidator reckoned that...
...mortgage to fund resilience measures such as flood doors and placing electrical sockets higher up in homes....
...Ross Goobey managed the remarkable feat of persuading the fund’s trustees to let him invest in equities and dump the fund’s gilts....
...“The annuity is an insurance policy against outliving one’s assets,” said Brendan Curran, SSGA’s US head of defined contribution....
...In 2011, encouraged by a work colleague and a registered financial adviser, Cornford, then an insurance broker, moved his £96,000 retirement savings pot....
...Schemes told a year ago that they were decades from buyout have struck insurance deals....
...A spokesperson for The Pensions Regulator said: “Our job is to make sure pension savers are protected, and we are currently in discussions with the trustees of the CBI Retirement Benefits Plan and the CBI...
...Rory Murphy Chair of Trustees Merchant Navy Officers Pension FundHaywards Heath, West Sussex, UK...
...David Richardson, chief executive, said the defined benefit business was going from “strength to strength” and its quotation service, which gives prices for trustees on corporate pension deals, had growing...
...They are bound to lose out as the date of any insurance company buyout is pushed back....
...But as trustees and finance directors queue up to do deals, concerns have grown about the capacity in the insurance market to absorb these schemes....
...Blackwell said she had not heard any disquiet from trustees considering bulk annuity-deals after the PRA’s warning....
...“Behind it all, whoever is making the decisions, thinks that all of these companies are very lowly valued, so they think there is a bit of insurance in whatever they do from having stocks that have gone...
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