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The Actuary The magazine of the Institute & Faculty of Actuaries

New tools for trustees

The Pensions Regulator has added another module to its ‘Trustee Toolkit’, to explain buyouts and buy-ins (as buyouts are called when the trustees keep the policy rather than transferring it to the member). Advisers and their trustee clients can all visit www.trusteetoolkit.com to have a look.

Welcomed by many consultants, Lane Clark & Peacock’s Clive Wellsteed said: “I cannot emphasise enough the importance of careful preparation and a proper understanding of the available options in order to achieve a successful transaction”. Taking the online course might be relatively simple for an adviser but may be sensible in order to understand what clients might now know or ask questions about.