About Us
Lucida is an insurance company focused on the annuity and longevity risk business, including the defined benefit pension buyout market and the market for bulk annuities.
Lucida is an insurance company focused on the annuity and longevity risk business, including the defined benefit pension buyout market and the market for bulk annuities.
Trustees and organisations running defined benefit pensions are under increasing pressure to find ways to minimise the risks and challenges they face. Longevity improvements have far exceeded the expectations that existed at the time when most pension schemes were introduced and it has become difficult to generate investment returns exceptional enough to offset the additional costs.
As a result, many boards are looking for ways to contain the risks associated with defined benefit schemes, while continuing to meet their commitment to members.
As an FSA regulated insurer, Lucida provides solutions to this challenge. For some schemes, a buy-in of insurance to remove the risks posed by certain groups of scheme members is an effective measure. For others, a full buyout can be the best option, offering as it does the most complete handover of responsibilities from the employer and trustees to Lucida, whilst at the same time protecting and securing the interests of all scheme members.
What makes Lucida stand out is the unique combination of the expertise and experience of our team, with our focus on working openly and closely with our clients to develop and deliver the very best tailored solution from the optimum blend from all the potential strategies that are available.
This ensures that our clients enjoy the very best outcomes, delivering accurately against their particular objectives and circumstances, with no risk of adopting a less effective 'plain vanilla' approach.
Download a copy of the Lucida PDF brochure to learn more about us.