New insurer 'to cut buy-out costs' for DB schemes

David Norgrove

An insurance company is being launched, which claims it can slash the cost of pension scheme buy-outs.

Long Acre Life is targeting UK defined benefit schemes with liabilities in excess of £500 million, and aims to reduce the cost of a buy-out by up to 20 percentage points, compared with the cost of a traditional insurance buy-out.

The initiative, launched by a former chairman of The Pensions Regulator, is based around a mutual insurance solution, owned by schemes, sponsors and outside investors.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: