About
For many, managing a defined benefit scheme is about legacy risk management. With many pension scheme funding positions improving, schemes are increasingly focused on endgame planning, whether this is self-sufficiency (including longevity insurance), consolidation (mastertrust or superfund) or buy-in/buyout. Regardless of the final destination, many of the challenges faced by pension schemes approaching the market and post-transaction trustee considerations are similar.
The purpose of the DJMWG is to develop and deliver PASA’s position on the following focus areas:
- Endgame planning
- Provision of data (e.g. experience data, marital data, GMP)/data standards
- Provision of quotes/quote standards
- Benefit conversion including GMP equalisation/conversion
- At-retirement/member option exercises
- Post-transaction membership reporting
- Third party administration and customer experience
- Reinsurance requirements
Members
Emma Watkins (Board Sponsor)
