Description
Specialist consultancy support for the development of the organisational model and development of the investment approach.
Lot 1 - Decumulation expertise, scheme and product design
a) DC decumulation pensions market capability, expertise in UK market for DC pension provision, specifically in decumulation, and the latest policy, regulatory and industry developments.
b) Capability in UK decumulation pension scheme design that enables the pooling of longevity and other risks, in a money purchase or other legislative/regulatory context.
c) Decumulation product design - capability in all stages of decumulation product design, from user research, to translating member needs into design principles, detailed product design, and implementation.
Lot 2 - Bulk Insurance and Risk Transfer
a. Actuarial expertise and advisory services on longevity risk transfer mechanisms for defined contribution schemes, including buy-ins, buy-outs, and longevity swaps - encompassing pricing analysis, structuring, transaction execution, investment considerations, and ongoing governance and administration.
b. Experience of developing approaches to longevity risk transfer for defined contribution schemes.