Pensions Risk Transfers: What value does residual risk insurance bring to schemes?

Bulk purchase annuity (BPA) insurance has been seen as the optimal way for sponsors to settle and for trustees to secure the pension liabilities and benefits of scheme members.
However, like all insurance, a BPA will only cover the members and policyholders set out in the schedule.
If entitled members and beneficiaries are overlooked, special promised benefits are erroneously excluded and/or unexpected changes in the law mean benefits should change, these risks (collectively known as residual risk) will not be covered by the standard BPA contract.
This webinar, recorded in October 2024, discusses the value of residual risk insurance within the Pension Risk Transfer (PRT) process and transactions.
Featuring special guests Arc Pensions Law, Capital Cranfield Trustees and Rothesay, watch the recording to understand how residual risk can impact schemes and the benefits of including residual risk coverage in BPA transactions.
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