This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

Bookmark Print page

Buy-in / Buy-Out

In order to eliminate all pension risk exposure, a sponsor can secure the pension scheme benefits with an insurer.

Under a “buy-in” arrangement, a specified part of the liabilities of a scheme are secured with an  insurer, eg liabilities relating to all pensioners or a specified tranche/section of members. The liabilities remain in the scheme, but the scheme holds a corresponding insurance policy as an asset.

Under a “buy-out” arrangement, the liabilities of the scheme, along with all associated risks, are fully transferred out of the scheme to the insurer.

Our commercially focused team has extensive experience advising sponsors and scheme trustees on all aspects of such transactions, including:

  • Estimating Buy-in/Buy-out costs
  • Assessing the value of a Buy-in/Buy-Out (including ongoing monitoring and trigger-setting)
  • Preparing scheme for Buy-in/Buy-Out (eg data cleansing)
  • Undertaking a competitive process with insurers
  • Negotiating financial and contractual terms
  • Preparing and Implementing scheme wind-up

Key contact

  • Richard Weisz
    Lead Senior Manager,
    +44 20 7007 2619
  • David Robbins
    +44 20 7007 2810
  • Paul Geeson
    +44 20 7303 0878
  • Tony Clare
    +44 161 455 8392

Find out more

Useful links

  • Meet the team
  • Submit a request for proposal
  • Contact us
  • Careers
  • Return to Pensions Advisory homepage
  • Return to Actuarial & Pensions homepage

Share this page

Email this Send to LinkedIn Send to Facebook Tweet this More sharing options

Get in touch

More on Deloitte