MorganAsh

44 scheme members were approached – and a good participation rate resulted in 95% of liabilities being medically underwritten. A buy-in transaction for a £12m tranche of liabilities was completed under the £60m pension scheme. Partnership won the contract.

“With JLT Employee Benefits advising us, we were able to achieve a competitive price by selecting Partnership Assurance and we are pleased with how streamlined the process was.” – Graham Wardle, chairman of the trustees, BESTrustees.

“This new process for completing underwritten buy-in transactions is an important step for schemes looking to de-risk in the most cost-effective way.” – David Barratt, buy-out consultant, JLT Employee Benefits.

“A common approach to the collection of health and lifestyle information from members will ensure that schemes wishing to de-risk through an underwritten exercise will now have a choice of insurers and can be confident of attaining a competitive price.” – Will Hale

Our clients say:

We are committed to providing the easiest way for our members to purchase our income protection contract, and this is a great improvement. Interviews are conducted in privacy and at the applicant’s convenience. Financial advisers often have long-term relationships with their clients; tele-interviewing avoids embarrassing face-to-face discussions of intimate medical and personal details.

Farrukh Mirza, deputy chief executive of Dentists’ Provident