Trustees, consultants and insurers have launched a new industry body, aimed at supporting schemes facing critical ‘endgame’ decisions.
The Endgame Perspectives Group (EPG) is a cross-sector initiative that also includes administrators and consolidators.
It will operates as an open forum for any firm involved in the endgame industry with the objective of offering ongoing insights, thought leadership, and practical advice to those navigating this complex market.
Leading members include Vidett, Royal London, Gowling WLG, Trafalgar House, XPS, Dalriada, Just, Rothesay, Canada life, Utmost, L&G, Clara, Pinsent Masons, Eversheds, CMS, Redington, Lumera, K3/Isio, Mercer, Gallagher, WTW, PwC, Hymans, LCP, Quantum, First Actuarial and Barnett Waddingham.
This informal group has grown rapidly in the past year and is now launching as an official body with the rising number of schemes now facing endgame decisions.
This launch comes as The Pensions Regulator confirmed most schemes are now in surplus and so are expected to shift their focus from deficit recovery to endgame planning.
The group will focus on how the industry can work together to streamline processes and address shared barriers and potential hurdles. Over the past six months, the EPG has examined structural issues in the endgame space, including insurance capacity and member outcomes.
While no single “silver bullet” emerged, the group identified a clear need for unbiased, collaborative leadership in a landscape often driven by commercial interests.
Rebecca Wood, leading the initiative on behalf of Vidett, said: “The pensions industry is at a pivotal moment, with many schemes making critical endgame decisions. As the bulk annuity market grows increasingly active, there is a strong need for an impartial, collective voice.
“By bringing together expertise from across the sector, the EPG will help ensure that trustees, sponsors, and members have the support they need to make these decisions.”
“Looking ahead, the EPG plans to publish thought leadership across the full spectrum of endgame options—not just bulk annuities but also run-on strategies and consolidation.”
