Report comment

Please fill in the form to report an unsuitable comment. Please state which comment is of concern and why. It will be sent to our moderator for review.

Comment

A bewildering headline -- just how do you "insure [a] DC [section]"? -- quickly clarified in the body of the article: "a £300m defined contribution (DC) plan [was converted] into a defined benefit (DB) arrangement, before then being added to the buy-in deal."

It prompts the question, is it ever possible to insure -- in a meaningful way -- a DC pension scheme? Ignoring life insurance, which may be offered as an adjunct, presumably you'd be looking at an insurer offering to sell deferred annuities to (active) members? I suspect this would be perceived by members as being a prohibitively expensive option. But it would be interesting to know if anyone (i.e. any board of trustees of a DC scheme) has ever looked into the feasibility of this.

Your details

Cancel