Is Risk Transfer a Gamble?
Derisk and buyout is the settled journey plan proposal of the consultancy community. Time for a time out? A new approach may be needed given changing regulations, economics and saver attitudes. Better options are available to benefit all stakeholders.
At present demand outruns supply provided by a small group of insurers and reinsurers. High margins continue to be achieved by life insurers. A market rebalancing with trustees having more options and time would be healthy