Safety first
You may not have heard of pension insurance (often referred to as de-risking) before, but it means you’re in safe hands. Regulators hold insurers like us to the highest standards, making sure we always have enough money to pay everyone’s pension.
We are regulated by the Prudential Regulatory Authority (PRA) and Financial Conduct Authority (FCA) who supervise insurance companies to ensure policyholders are protected and companies are working in their best interests.
A cautious approach
We focus on low-risk, long-term investments to match our pension liabilities, giving comfort that we can pay pensions in any economic environment.
Taking a cautious approach also means we manage risk effectively across all areas of our business. This creates an environment where everyone takes responsibility for the long-term security of your pension.
Ways pension schemes de-risk
A buy-in is an insurance policy which secures pension payments due to some, or all, of the pension scheme members. However, the scheme and its Trustee Board remains in place, as does the existing administrator. This enables the pension scheme to reduce exposure to investment risks and the risk that people live longer than expected.
A buyout is where all pension assets and liabilities transfer to an insurer and the scheme is closed. Pension scheme members become policyholders of the insurance company and the administration of their pension transfers to the insurer. This allows the company to focus on its core business, no longer having to worry about the costs and liabilities of a pension scheme.
Both are great options for pension schemes and their members, ensuring the safety of the pensions insured.
A service model designed around you
We put policyholders at the heart of everything we do.
Our ringfenced, fully UK-based administration team will answer any queries you have - or you can self-serve using our first-class website.
We’ve partnered with XPS (Home | XPS Group), an award-winning administrator, who shares our passion for doing things differently. XPS is accredited by PASA, the industry benchmark for pension administration standards, and has market-leading technology and cyber security in place.
We have a listen-and-learn culture and want to hear from you about any improvements you think we should make. We offer many opportunities to provide feedback through surveys, but we also have a customer testing panel you could join to help shape the future of our service.
