Defined Benefit Pension Plan De-risking

Defined Benefit Pension Plan De-risking

We work with pension plan sponsors and administrators to implement de-risking solutions for their traditional defined benefit pension plans, including purchases of buy-out annuity policies, annuity “buy-in” investments, and liability-driven delegated investment consulting arrangements.

We acted as pension counsel to one of two pension plans that entered into a novel $530 million buy-in annuity transaction where longevity and inflation risk were transferred to the insurer.  This was the largest transaction of its kind in Canadian history.  We have also advised on umbrella buy-out annuity contracts and the governance aspects of de-risking initiatives.

We work hand-in-hand with our clients’ actuarial consultants and in-house counsel to supplement the consultant’s de-risking expertise with our legal insight, providing seamless advice to our clients.