MetLife

We believe that the decision to secure members benefits through a bulk annuity is a sound choice and one that offers benefits to the member, trustees and the corporate sponsor. We also believe that the decision to publicise this choice is one for the trustees and corporate sponsors to lead, not the insurer. Thus, the comments below have been provided with our clients’ explicit agreement but have not been attributed to their particular schemes.

• “We recognised the current volatile market conditions would make it challenging to meet the exacting brief, particularly as an asset sale and in-specie transfer was required. We worked hard with MetLife Assurance to develop a transaction model where, following robust discussions, we were able to secure pricing, asset valuations and contract language all on the same day, ensuring no surprises and a safe, competitive solution for the trustees and company.”



• “This transaction was particularly challenging, due to the tight timescales and critical structure requirements from the Trustee and sponsor. An efficient and pragmatic approach from all the parties involved was required. A willingness to discuss and negotiate the terms being offered led to a satisfactory deal all-round being struck. We believe the final outcome achieved is a very good one for both the Trustee and the members of the scheme.”



• “The Trustee’s primary concern was to provide long term security for all our scheme members. They decided that purchasing a bulk annuity (buy-in) policy at the right price was the best way to achieve this. MetLife Assurance worked in partnership with us to develop and deliver a customised solution which addressed our needs, including flexibility for the future.”