Squeeze on pension buyouts ahead
Pension schemes seeking to offload their liabilities could be thwarted by a looming squeeze on market capacity, lawyers said yesterday. A surge in demand from schemes looking for a buyout of their pension payments costs will far outweigh the number of providers who can offer such services amid a pullback from the market by investment banks, law firm Pinsent Masons said. Head of pensions Alastair Meeks said: “The goal of achieving buy outs seems to be increasingly illusory”.