About
For many, managing a defined benefit scheme is about legacy risk management. With many pension scheme funding positions improving, schemes are increasingly focused on endgame planning, whether this is self-sufficiency (including longevity insurance), consolidation (mastertrust or superfund) or buy-in/buyout. Regardless of the final destination, many of the challenges faced by pension schemes approaching the market and post-transaction trustee considerations are similar.
The purpose of the DJMWG is to develop and deliver PASA’s position on the following focus areas:
- Endgame planning
- Provision of data (e.g. experience data, marital data, GMP)/data standards
- Provision of quotes/quote standards
- Benefit conversion including GMP equalisation/conversion
- At-retirement/member option exercises
- Post-transaction membership reporting
- Third party administration and customer experience
- Reinsurance requirements
Guidance
Members
Dan Taylor (Board Sponsor)
Ian Wort (Chair) (Isio)
Jennifer Atthey (Isio)
David Brooks (Broadstone)
Matthew de Ferrars (Pinsent Masons)
Louise Ellisdon (Clara Pensions)
Hugo Harrison (Rothesay)
Elizabeth Healy (Hymans Robertson)
Stacey Kippax (PwC)
Clive Padgett (SCOR)
Robert Tellwright (Pinsent Masons)
Kim Toker (Future Focused)
