A new opportunity for many Irish pension schemes
Irish Life Insurance plc have recently launched a deferred bulk annuity product, and we expect further insurers will follow suit.
This is a significant development that provides Trustees with greater flexibility when considering long-term de-risking options and endgame strategy for their DB pension schemes.
The addition of a deferred bulk annuity product means bulk annuities are no longer exclusively for very mature schemes dominated by pensioners. These changes are most relevant for those pension schemes that are well-funded, closed to accrual, and have a long-term objective to wind up the scheme.
Read our latest report to explore what has changed, pricing and our recommended steps.
