Investment - A groundbreaking, member focused transaction

In this episode, Ben Farmer is joined by Simon Jones, Head of Responsible Investment here at Hymans and special guest John Hamilton, Chair of Trustees for the Stagecoach Group Pension Scheme, for a discussion on the unique journey of the Stagecoach pension scheme, recent industry dynamics and the practicalities of this transaction.

The conversation offers valuable lessons for trustees and those managing pension schemes in a changing landscape, as they cover topics such as: 

• Key changes in the pensions industry and specific updates from the Stagecoach scheme over the past year.
• How trustees have approached their responsibilities and the strategies considered to safeguard scheme members.
• A deep dive into the transaction process, challenges faced, and solutions implemented.

We hope you enjoy listening. If you have any questions, on anything covered throughout the episode, please get in touch.

Related content
Investment – endgame planning, productive finance and the brave new world for DB pension scheme investment

The investment impact of DB schemes choosing to run-on

Excellence in Endgames

The untapped potential of pensions

Foundations - Why Britain has stagnated

Fiscal risks and sustainability – September 2024 - Office for Budget Responsibility

Chapters: 
01.10 – Introduction 
01.55 – The growth/pensions relationship and quick history of the Stagecoach pension scheme
06.39 – Pensions industry dynamics and Stagecoach scheme developments in the past 12 months
09.14 – “Preserve, protect, enhance” and trustees exploring their options
13:57 – Practicalities of the Stagecoach-Aberdeen transaction
19.55 – Investment considerations for the framework that’s been put in place
25:08 – Learnings from the process and calls to action for the future
29.22 – Summary and wrap up


Hymans Robertson disclaimer
This podcast has been prepared by Hymans Robertson LLP, and is based upon our understanding of events as at release date. It is designed to be a general summary of topical investment matters and is not specific to the circumstances of any particular employer or pension scheme. The information contained in this podcast should not be construed as advice and not be considered as a substitute for specific advice as the information is generic in nature. Where a podcast refers to legal matters please note that Hymans Robertson is not qualified to provide legal opinion and therefore you may wish to obtain independent legal advice to consider any relevant law and/or regulation. Hymans Robertson LLP accepts no liability for errors or omissions. Your Hymans Robertson LLP consultant will be pleased to discuss matters raised in this podcast in greater detail. Guests views are separate to that of Hymans Robertson.
The information provided in this broadcast is not financial advice. Past performance is not a guide to the future. Please note the value of investments, and income from them, may fall as well as rise. This includes but is not limited to equities, government or corporate bonds, derivatives and property, whether held directly or in a pooled or collective investment vehicle. Further, investments in developing or emerging markets may be more volatile and less marketable than in mature markets. Exchange rates may also affect the value of investments. As a result, an investor may not get back the full amount of the original investment. Past performance is not necessarily a guide to future performance. 
Hymans Robertson LLP is authorised and regulated by the Financial Conduct Authority and Licensed by the Institute and Faculty of Actuaries for a range of investment business activities.