Portfolio institutionell uses gategroup's Pension Liability Transfer (PLT) to Funding Solutions as a case study for Pension Buyout in Germany, by way of a so-called Rentnergesellschaft (pensioner company).
Article in portfolio institutionell: Pension Buyout via a pensioner company with Funding Solutions
The successful implementation of the project leads to substantial de-risking of pension obligations for gategroup and capitalization of obligations for beneficiaries. The pensioner company allows for a holistic solution to deal with gategroup's pension liabilities, i.e. gradual de-risking of all defined benefit pension commitments and a complete transfer to Funding Solutions (DB endgame).
Pension Buyout with Funding Solutions
Funding Solutions operates as a governance and consolidation platform for the takeover of pension obligations in Germany. The platform allows the complete legal release of pension obligations by deploying a pensioner company. Funding Solutions has the necessary transaction experience for structuring, successfully implementing and permanently managing pensioner companies (run-off). Key governance elements are irreversibly embedded in the legal documentation - for example, all plan assets of pensioner companies are kept in professional, external, CTA-trusts. The Funding Solutions Governance Platform provides an open architecture, integrating existing partners of clients.
Funding Solutions Pension & Investment Office
The Funding Solutions Pension & Investment Office operates as an outsourcing partner for clients' pension plans. The office structures investments according to clients' objectives and provides holistic support in plan administration. It selects and monitors required vendors for key services including CTA trusts, actuaries, investment managers and administrators. The office manages all interfaces with clients' finance and HR departments. The team consists of experienced experts in administration, management and governance of pension plans and assets of multinational companies.