Hymans Robertson launches risk transfer and investment service for small pension schemes

Hymans Robertson has announced the launch of TRUST, a new end-to-end risk transfer and investment service designed to help smaller pension schemes navigate and execute bulk annuity transactions.

The service is aimed at schemes with typically £150m or less in assets—an area where demand is growing, with deals of this size representing 80% of completed transactions last year. For many schemes, a bulk annuity purchase is the most significant financial transaction they will undertake.

TRUST brings together specialist risk transfer and investment expertise into one integrated service. By aligning pricing premium negotiations with asset realisation strategies, schemes can maximise overall transaction value.

The offering draws on Hymans Robertson’s experienced risk transfer team and deep investment research capabilities, supported by a pensions client book with over £300 billion in total investment assets under advisory.

Iain Church, Head of Core Transactions and Risk Transfer Specialist at Hymans Robertson, said, “We’re thrilled to launch TRUST, our new combined risk transfer and investment service. Buy-in broking processes, particularly for smaller schemes, risk narrowly focusing on how to deliver the best possible price from an insurer. Whilst price is certainly important, this approach misses the other side of the equation. Placing equal focus on how to realise the best value from the scheme’s assets makes a real difference to the end financial outcome.

“TRUST ensures smaller schemes benefit from the best of both worlds, by utilising a single risk transfer and investment team that speaks the same language as insurers and uses these insights to tailor the advice to clients accordingly. Having already delivered on the benefits of TRUST to early clients, I’m excited to see it now become available to the wider market.”

Russell Oades, Investment Consultant at Hymans Robertson, added, “Purchasing a bulk annuity is likely the most important asset transition in a scheme’s life, and the work involved is highly specialised compared to traditional investment consulting.

“Insurer insights are critical to making the right investment decisions leading up to a transaction, as the way insurers invest is dynamic. Insurers will pivot their strategic asset allocations in response to changing market conditions. For instance, certain insurers are currently prioritising gilts-based investment strategies compared to historically higher allocations to credit.

“By leveraging TRUST, smaller schemes can be equally dynamic to evolving market conditions. This will ensure that their portfolio is ideally positioned to manage the risks posed by fluctuations in insurer pricing. A single source of risk transfer and investment advice ensures schemes are primed to quickly and efficiently capture value when a market opportunity presents itself.”

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