Market opportunities can come and go quickly. While thoroughness is critical to ensure a smooth transfer of risk to the annuity market, speed can be very important too at the right stages to achieve effective risk transfer. In particular, use of standardised pre-negotiating contracts can be used in a fast and effective implementation of a bulk annuity.
Aon in conjunction with leading legal firm Eversheds Sutherland LLP have developed Pathway pre-negotiated annuity contracts for exactly this reason. Use of the pre-negotiated contracts means that you can proceed much quicker, with fewer barriers, and with the confidence that the enhancements offer better terms than those readily available in the market.
Pre-negotiated contracts can feature as part of the transaction stage of Bulk Annuity Compass to achieve the most efficient and successful outcome. With a 100% conversion rate to date Pathway contracts are suitable for any kind of bulk annuity deal, be it underwritten or even full buyout of a hybrid scheme, while also offering fixed fees and a tightly defined process to control costs.
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