August 2024

Welcome to this month’s newsletter! We’ve an exciting line-up to share with you, including?the impact of vaping on health and mortality rates podcast, our latest article and webinar series from our Excellence in Endgames campaign and a spotlight on the career journey of our returning employee, Sam Pryde.?

While smoking rates in England plummeted from 40% in 1980 to under 15% in 2019, vaping has surged, raising questions about its long-term health impacts. With thousands of e-liquid flavours on the market, the mixture of different synthetic flavours and chemicals contained within vapes, remains largely unknown. ?

The infamous "popcorn lung" case in the US highlights the unexpected risks associated with e-liquid ingredients. Recent studies suggest vaping may alter our body's cancer defence mechanisms, potentially "switching off" key protective genes.??

Dive deeper into this complex issue in our Hymans Robertson On… podcast. Ben Johnson and Nicola Torley speak to medical researcher, Nicky Draper from Crystallise Ltd, and explore vaping's role in nicotine addiction, current UK legislation, and crucial considerations for insurers in this evolving landscape.?

Listen now: Understanding Longevity - Vapes - Hymans Robertson?

What does it really mean for schemes that are deciding between buy-out and run-on? Is there a way to have the best of both worlds when it comes to pensions endgame? Michael Abramson explores these decisions in more detail in our latest article for our Excellence in Endgames campaign.??

Alongside this, we’ve launched a webinar series which will provide trustees and corporate sponsors with essential insights to navigate the complexities of DB pension scheme endgame planning. With most schemes no longer needing additional cash, and risk transfer becoming a financially viable option, trustees and sponsors have a range of strategic opportunities. The current policy and regulatory environment is ripe for using DB capital to create value for members, employers, and the UK economy. This is supported by a dynamic risk transfer market and innovative provider solutions.??

Watch here: Run-on vs buy-out: choosing the plan A for your DB scheme - Hymans Robertson?

This month, we’re excited to spotlight Sam Pryde, who first joined our team in 2020. After a brief hiatus in 2021, Sam has rejoined us as a Pension Administrator. Discover his journey with our TPA team and what motivated him to return.?

How does insurer administration affect pension buy-ins and buy-outs???

Understanding your 2024 LGPS accounting disclosures??

Bringing your run-on strategy to life???

Funded reinsurance – weighing up the risks - 6 September?

Webinar invite - Bringing your run-on strategy to life? - 12 September?

Insurance & Financial Services 10th Annual Conference -? 18 September?

Shaping corporate pension strategies for the future - 26 September?