Future for the pension buy-out market under discussion
Tax Incentivised Savings Association – is to hold a seminar to debate the future for the pension buy-out market which, despite a tail-off in new business deals, is still expected to total £5bn – £8bn transactions in 2009.
Part of TISA’s programme of events looking at the future for retirement planning and savings, the half-day seminar is being held in Central London on Wednesday April 29. It will focus on the strategic prospects for the UK and Overseas pension buy-out market in 2009 and beyond.
Issues to be examined include regulation and other considerations relevant to trustees; the potential for the development of viable longevity mitigation solutions both in-scheme and with regard to those already bought out or in; the future role of annuities and the reconciliation of employer and trustee views towards pensions risk mitigation.
Malcolm Small, TISA Director of Retirement and Portfolio Planning who will chair the event says:
“The current hiatus in new buy-out business caused by the state of the equity markets is giving everyone an unexpected opportunity to reflect on the best options for de-risking pension schemes. We need to use this time wisely as many employers will be under even more pressure to reduce their DB scheme liabilities once equity values recover. Our seminar is therefore being held at an extremely opportune time.
” Speakers confirmed for the event are:
• Dan DeKeizer, CEO Metlife Europe Ltd
• June Mulroy, Executive Director of Business Delivery, The Pensions Regulator
• John Quinlivan, Director of Strategic Distribution, Aegon Scottish Equitable
• Andy Reed, Corporate Development Director, Prudential plc
• Clive Wellsteed, Partner and Head of Buy-Out Practice, Lane Clark & Peacock LLP
The programme has been devised by TISA’s Pension Risk Transfer Advisory Council and is designed for all those interested in pension risk transfers, professional scheme trustees, insurance and annuity providers, employee benefit consultants and investment houses. It will be held on Wednesday April 29 at the London Capital Club, 15 Abchurch Lane, EC4N 7BW from 13.00 to 17.00. Delegate fees are £160 for TISA members (£250 non-members). Further details are available at www.tisa.uk.com or telephone 01642 666999.
Ends
For further information, please contact:
Malcolm Small, Director of Retirement and Portfolio Planning, TISA – mobile: 07989 500771, email: malcolm.small@tisa.uk.com
Issued on behalf of TISA by Cauldron Consulting, contact Steve Radford – Tel: 020 3178 7238, Mobile: 07889 903786 Email: steve.radford@cauldron-consulting.com
Or visit: TISA’s website: www.tisa.uk.com
Email enquiries to: enquiries@tisa.uk.com
Notes for Editors
The Tax Incentivised Savings Association (TISA)
TISA is the premier trade association in the UK retail savings and investment industry. By engaging with member firms, government, political parties, regulators and consumer groups TISA’s ultimate goal is always to further consumers’ best interests. It seeks to improve the range, features and quality of savings and investment schemes available whilst at the same time encouraging more people to save for their long term financial security and peace of mind. Uniquely, TISA is able to articulate the opinions of the whole savings and investments marketplace through its membership comprising over 120 member firms involved in the supply or distribution of products to the sector and its consumer interest. TISA’s remit extends across the broad spectrum of government sponsored savings and investment vehicles including:
• Individual Savings Accounts (ISAs)
• Child Trust Funds (CTFs)
• Savings Gateway
• Personal Pensions
• Investment Bonds
• Employer based pension schemes
• Wraps and platforms
• Other consumer-centric savings schemes and initiatives.
HM Government uses TISA’s market knowledge and ability to represent the views of both the savings and investments industry and consumers to help it to its policy in this area. Recent TISA successes include improvements to the ISA, the regime in which ISAs operate and simplification of the CTF.