Vincent Ally, CPA’s Post

If the thought to consolidate your pensions has crossed your mind, here are five things to take into consideration to start working it if it could be right for you or not.

If the thought to consolidate your pensions has crossed your mind, here are five things to take into consideration to start working it if it could be right for you or not.

If the thought to consolidate your pensions has crossed your mind, here are five things to take into consideration to start working it if it could be right for you or not.

If the thought to consolidate your pensions has crossed your mind, here are five things to take into consideration to start working it if it could be right for you or not.

If the thought to consolidate your pensions has crossed your mind, here are five things to take into consideration to start working it if it could be right for you or not.

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🏃 𝗕𝗣𝗔 𝗜𝗻𝗳𝗼: 𝗦𝘁𝗿𝗲𝗮𝗺𝗹𝗶𝗻𝗲𝗱 𝗣𝗿𝗼𝗽𝗼𝘀𝗶𝘁𝗶𝗼𝗻𝘀 '𝗡𝗼𝘄 𝘁𝗵𝗲 𝗡𝗼𝗿𝗺' 𝗳𝗼𝗿 𝗦𝗺𝗮𝗹𝗹𝗲𝗿 𝗦𝗰𝗵𝗲𝗺𝗲𝘀 👉Iain Church, head of core transactions at Hymans Robertson, insurers now commonly use streamlined propositions for smaller pension schemes seeking quotations. This shift helps meet the rising demand as more small schemes can afford to insure their benefits. 👉 Many BPA providers (Aviva, Pension Insurance Corporation plc, Legal & General, JustGroup) have launched dedicated streamlined services to cater to smaller defined benefit pension schemes, making the process more efficient and quicker. 👉 During a recent webinar, nearly half of the attendees from pension schemes under £200m cited "𝗴𝗲𝗻𝗲𝗿𝗮𝘁𝗶𝗻𝗴 𝘀𝘂𝗳𝗳𝗶𝗰𝗶𝗲𝗻𝘁 𝗶𝗻𝘀𝘂𝗿𝗲𝗿 𝗲𝗻𝗴𝗮𝗴𝗲𝗺𝗲𝗻𝘁" as their biggest challenge. #PensionSchemes #Insurance #RiskManagement #BulkAnnuities #FinanceNews #BulkAnnuity #Insurance #FinancialServices #Pensions #BusinessGrowth #PensionRiskManagement #BuyoutSuccess #FinancialSecurity #PensionScheme #RiskReduction #ProfessionalMilestone #StrategicCollaboration

Where to start? Reviewing your old pensions is critical to ensure savings you have built up are performing as they should. Equally it will allow an independent financial advisor to assess the quality, diversity and general health of your retirement plans. An independent advisor will not have to move/consolidate your schemes to their own solution in order to execute the advice. If we can create the most appropriate solution within your existing pension, that is what we will do. In the example the article has used; the schemes have been moved to a restricted advisor’s in-house scheme…..is this really a positive? The article doesn’t mention the old schemes and the reasons for a transfer but moving for consolidation isn’t always the most appropriate option for the reasons stated in the article and the fact you may be moving to an inferior product. #money #pensions #independentfinancialadvice

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Given the rising number of PRT insurers in the U.S. and the rapidly shifting investment environment, this month’s featured article in The BCG Pension Insider*, “Current Asset Allocation Trends in Pension Risk Transfer”, BCG Pension Risk Consultants ǀ BCG Penbridge discusses the results of a survey conducted by BCG in July 2024, “U.S. Pension Risk Transfer Investment Strategy and Capital Considerations Survey” that was designed to better understand how PRT providers are approaching asset allocations and how asset allocations are influenced by capital requirements. Survey respondents included 18 of the 21 currently active PRT insurers. https://bit.ly/3A7y8oA Participating insurers included American National, Corebridge Financial, CUNA Mutual Group, F&G, Legal & General Retirement America, MassMutual, Midland National Life Insurance Company, Mutual of America Financial Group, Mutual of Omaha, Nationwide, New York Life Insurance Company, OneAmerica Financial, Pacific Life, Principal Financial Group, Prudential Financial, Reinsurance Group of America, Incorporated, Securian Financial and Western & Southern Financial Group. Special thanks to Michael Meng, CFA, FRM who BCG collaborated with for this article and associated survey. * Sign up on BCG’s website to receive The BCG Pension Insider publication in your email each month. https://bit.ly/3ylJ9vz #definedbenefit #pensions #prt #ldi #reinsurance #financialadvisors #plansponsors #insuranceassetmanagement