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Brightwell launches new run-on toolkit for defined benefit pension schemes

Brightwell, the comprehensive services provider for defined benefit (DB) pension schemes has launched a new run-on toolkit which can be found here.

Morten Nilsson, CEO, Brightwell said: “There’s lots of discussion about the merits of run-on but less discussion about how to achieve it. The ‘Running on with Brightwell’ toolkit outlines key considerations for pension schemes and the tools needed to run-on successfully.

“A decision to run-on need not be permanent, it can be a stepping stone, but it needs to be done actively.”

Brightwell has a long track record managing run-on strategies for its clients and the toolkit leverages this expertise focussing on key the considerations for trustees and sponsors.

Ensuring alignment of stakeholder outcomes

How do you build the consensus you need and fully assess the balance of risks against the potential rewards? How do you support stakeholders to achieve the consensus needed?

Adapting the funding and investment strategy for decumulation and liquidity optimisation

DB schemes are entering a new phase marked by improved funding levels yet increasingly negative cash flows as they shift from accumulation to decumulation. The focus must shift towards cash flow management, managing illiquid assets, and enhancing operational efficiency.

The options and considerations for sharing surplus

What are the options for sharing surplus now and how could these evolve in the future?

Delivering high quality, multi-channel member and scheme services

A successful run-on strategy should take a connected and unified approach across member, scheme, funding and investment services. None should sit in isolation. The run on journey needs to be underpinned by strong, efficient and effective member administration and other scheme services that meet members’ and Trustees evolving needs and integrates member liability data as effectively as possible into the funding and investment strategy.

Ensuring continued value for money

How do schemes manage their costs effectively when their AUM and member base is shrinking? How can schemes leverage scale to build resilience into their operating model and continue to motivate talent.