As part of our Horizon Scanning programme, we were delighted to host a panel discussion on 3 March 2025 on the case for running on defined benefit schemes versus buying-out with a bulk annuity insurer or, indeed, both.  Arguing the case for running on were Brightwell’s Chief Executive Officer, Morten Nilsson and Chief Investment Officer, Wyn Francis. They were joined on stage by John Towner, L&G’s Managing Director of UK Bulk Annuities who advocated for buy-out, and Anne-Marie Morris, Head of DB Solutions Strategy at L&G who argued that schemes can have the best of both worlds.