Pension Capital Strategies, the corporate consulting and pension scheme de-risking firm, has announced a rebrand of the business to JLT Pension Capital Strategies to clearly align with its parent firm JLT Employee Benefits Group.
The rebrand comes at a time when JLT Pension Capital Strategies estimates that pensioner buy-outs will grow by at least 50% to more than £7.5 billion in 2011, in addition to an increase in enhanced transfer value (ETV) activity.
JLT Pension Capital Strategies will continue to offer transactions transferring liabilities and buyouts, the management of liabilities, ETVs and pension increase exchanges (PIEs).
Charles Cowling, managing director, JLT Pension Capital Strategies, said: “With over £1,000 billion of pension liabilities still in UK pension schemes and with companies increasingly setting 10 to 20 year targets for offloading pension liabilities in full, we expect to see very significant growth in such decommissioning activity for many years to come.
“The rebrand and strengths of JLT Pension Capital Strategies will†ensure we remain the firm of choice for decommissioning defined benefit (DB) schemes and provide relevant strategies and solutions that recognise the rapidly devolving pensions and employee benefits market.
“DB represents a historic legacy and companies must now put in place arrangements that are ‘fit for the future’ with flexible defined contribution based pension schemes at their core.
“Companies should not want to waste time on ‘yesterday’s problem’ and instead are desperate to take DB pension schemes off the boardroom agenda.”
Read more articles on defined benefit buy-outs