With the backdrop of rising interest rates leading to lower pension scheme liabilities on average, many schemes have seen their funding positions improve steadily in recent years. As a result, we are hearing increasing talk of the terms ‘buyout’ and ‘buy-in’ in the world of defined benefit pensions.
But what do these terms really mean? And how can schemes prepare for buyout? Lisa Purdy, LGIM’s Head of Pooled Solutions, explains all.
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