Buch, Englisch, 205 Seiten, Format (B × H): 156 mm x 234 mm, Gewicht: 545 g
The Elimination of Defined Benefit Pension Scheme Liabilities
Buch, Englisch, 205 Seiten, Format (B × H): 156 mm x 234 mm, Gewicht: 545 g
ISBN: 978-1-905783-26-7
Verlag: Globe Law and Business Ltd
The buy-out market, whereby pension liabilities are transferred to a third-party specialist, has changed dramatically in recent years. Many new market entrants have sought to provide opportunities to employers to reduce or eliminate their exposure to defined benefit pension scheme liabilities in a cost-effective fashion.
Increases in anticipated longevity, combined with historically low interest rates and poor equity returns, have resulted in substantially increased costs for employers. Together with the credit crunch, the collapse of high-profile banking institutions and a deteriorating economy, they provide yet further reasons for employers and trustees to seek to protect defined benefit liabilities.
Buy-outs (and their alternative, buy-ins) have represented an attractive opportunity for trustees and employers alike in seeking to eliminate such exposure. The number of new market entrants and the new ‘non-insured’ buy-out model have generated considerable competition and a significant reduction in buy-out and buy-in cost.
Featuring contributions by leading experts in the field, including the Pension Corporation, Lucida, Hewitt Associates and Pitmans Trustees Limited, this timely title covers topics such as the attractions of the current buy-out market, the non-insured buy-out option, the Financial Services Authority regulated market and the elimination of pension scheme liabilities, as well as an overview of the buy-out market in selected countries.
This book is aimed at a broad cross-section of the pension market and is intended to be of practical use to trustees, employers, advisers, administrators and other pension stakeholders in providing a comprehensive guide to how best to tackle the thorny issue of eliminating defined benefit scheme liabilities.
Autoren/Hrsg.
Fachgebiete
Weitere Infos & Material
Preface
Background and evolution of today’s buyout market
Jonathan Bloomer
Lucida
Attractions of the current buyout market
Matthew Preston
Herbert Smith LLP
Other methods of eliminating defined benefit pension scheme liability
Penny Pilzer
Lovells LLP
The FSA regulated market
Mark Wood
Paternoster UK Limited
The occupational pensions regulated market/the non-insured buy-out option
Edmund Truell
Pension Corporation LLP
Trustee perspective
The trustee’s perspective
David Archer
Rosamund Lee
Pitmans Trustees Limited
The employer’s perspective
Markus Fink
Ashurst LLP
An international approach
Germany
Tobias Neufeld
Ashurst
Netherlands
Bas Cammelbeeck
NautaDutilh
Norway
Peter Hammerich
Klaus Henrik Wiese Hansen
Bugge, Arentz-Hansen & Rasmussen
South Africa
Hunter Thyne
Hunter Employee Benefits Law (Pte) Ltd
Spain
Juan Alonso
Paz de la Iglesia
Francisco de Leon
Ashurst
Sweden
Jenny Jilmstad
Jonas Wiberg
Ashurst
United States
Jake Downing
Robert Flanagan
Mary Samsa
Seyfarth Shaw LLP
The end game – is buyout the end of the line for defined benefit pension schemes?
Martin Hunter
Punter Southall Transaction Services
The future of the buyout market
Kevin Wesbroom
Hewitt Associates LLC
