Bulk annuity administration

Providing certainty to your policyholders with a trusted administration partner

Trustees of defined benefit (DB) pension schemes face a number of challenges to ensure a scheme has sufficient assets to meet the promises made to its members – inflation risk, volatile investment markets and improvements in life expectancy can all place enormous strain both on a scheme’s finances and on the sponsoring employer’s balance sheet.

With pensions debt and the cost of running pension schemes coming into sharper focus, many trustees are turning to the bulk purchase annuity (BPA) market as a vehicle for insuring well-funded schemes against these key risks. The aim for a trustee in this regard is to fully ‘buy out’ each member’s pension entitlement with an insurer who, in return for a premium from the trustee, takes on the responsibility for paying pensions throughout the life of the members.

With the market highly competitive for BPA providers, we know that many wish to focus on their core business strategy.

That’s why we provide trusted and expert third party administration, managing the ongoing and often complex administration for their BPA policyholders efficiently and cost-effectively. We provide the necessary scale and experience to support insurers as they continue to write new business in this market.