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Pension Schemes Could Offload Record £20B In 2018: Expert

Law360, London (September 14, 2018, 5:40 PM BST) -- U.K. pension schemes could shift more than £20 billion ($26 billion) of liabilities to the insurance industry this year, a senior pensions expert has predicted, as funds explore escape routes from Europe’s Solvency II capital directive.

Charlie Finch, partner at consultancy Lane Clark & Peacock LLP, said total buy-in and buy-out volumes have already hit £13.7 billion this year, beating the record set in 2014 of £13.2 billion. Buy-ins enable trustees to buy insurance to cover members, though the trustees remain ultimately responsible for paying out to...
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