Bloomberg: John Whitworth On UK Pension Funds Risks
October 25, 2022
Corporate pension programs in the UK are increasingly looking to offload their risk to insurers as they try to insulate themselves from future market turmoil, reports Bloomberg. John Whitworth, Partner in the Insurance and Asset Management Practice, highlighted that transferring risk from pension funds to the insurance sector could reach 100 billion pounds over the next decade.
“This has been another good lesson to plan sponsors and regulators as to why they should not be running a large financial business”, commented John.
Read Bloomberg article here.