Guernsey sets out solution to pension scheme risks

A Guernsey captive-based solution provides a means by which defined benefit (DB) pension scheme deficits can be managed, on-island experts have said. Guernsey's captive-based solution has been used for a number of longevity swaps in the past five years. Others are now understood to be in negotiations, and the island will be promoting its expertise in this area at an event in London later this month. While many predict that up to 40 FTSE 100 companies will have opted for full pension buy-outs by 2028, few have offloaded their schemes in full to insurers, with the total buy-out volume o...