A strong participation rate resulted in 95% of liabilities being medically underwritten.

BSW Timber is the largest sawmilling company in the UK. It has 1200 employees, £300m turnover and 2 closed final salary (DB) pension schemes. It is believed to be the first company to undertake both a MUMS and MUBA project.

Grant Thornton’s pension advisory team worked with MorganAsh on a large DB pension scheme sponsored by a professional services company. The purpose was to understand the health and marital status of its scheme membership in far greater detail.

Working with MorganAsh, Hymans Robertson became one of the pioneers of the medically underwritten buy-in market, recognising significant benefits for its pension scheme clients.

In 2015, MorganAsh undertook a MUMS analysis for Johnston Press; the result of the revaluation for financial reporting was a reduction in the deficit of £50m – around 10% of the total pension value.

Builders’ merchant JT Dove reduced its forecast pension deficit by 11% after commissioning medical underwriters MorganAsh to re-examine mortality calculations.

75% of liabilities being assessed led to changes to the assumptions on mortality.

Renold, the international supplier of industrial chains, employs around 2,500 people in more than 23 countries around the world. The Renold’s DB pension scheme entered a buy-in to fully de-risk around 25% of its UK pensioner liabilities with Just Retirement.

This transaction was carried out after a competitive tender run by LCP with health and lifestyle data collected by MorganAsh.