The Pensions Administration Standards Association (PASA), the independent body dedicated to raising administration standards across the pensions industry, is pleased to announce the appointment of Isio as Expert Partner and Chair of its newly established Derisking Journey Management Working Group (DJMWG).
This appointment underscores PASA’s commitment to supporting schemes through the complex and evolving journey of defined benefit endgame strategies, including buy-in/buyout, consolidation, self-sufficiency, and other de-risking solutions. The group will focus on key challenges associated with liability management, including ongoing data management, benefit conversion, quote standards, post-transaction reporting, and member options at retirement.
David Fairs, Chair of PASA, commented: “We’re delighted to welcome Isio as Chair and Expert Partner of our new Derisking Journey Management Working Group. Isio bring deep expertise in liability management, pensions de-risking, and scheme governance. Their leadership will be instrumental in driving PASA’s strategic focus on supporting high-quality administration practices during this crucial phase of scheme evolution. This is central to ensuring members’ experience a smooth transition as schemes reach their endgame.”
Ian Wort , Chair of the DJMWG, said: “I’m delighted to lead this vital Working Group at such a pivotal time for the pensions industry. With the increasing focus on endgame strategies, it’s essential we develop clear, practical and consistent standards to help schemes deliver better outcomes for their members. Having worked with every insurer in the market, in varying capacities, Isio bring unique insights that will greatly benefit the Working Group’s aim.”
The Working Group will be responsible for delivering guidance, thought leadership, and recommendations to help trustees, sponsors, and administrators navigate liability management more effectively. It will also serve as a forum for industry collaboration and knowledge sharing, with membership drawn from leading insurers, legal advisors, administrators, and actuaries.
