Glossary entry

English term or phrase:

pension buy-in

Swedish translation:

partiell pensionsinlösen

Added to glossary by Anders Dalström
Aug 23, 2023 17:43
9 mos ago
14 viewers *
English term

pension buy-in

English to Swedish Bus/Financial Accounting
"A pension buy-in is when a scheme enters into an agreement with an insurer, whereby the insurer assumes a portion of the scheme's liabilities. This arrangement provides a valuable risk transfer mechanism, allowing the scheme to reduce exposure to longevity and investment risks."

https://www.heywood.co.uk/publications/understanding-pension...

Discussion

Joakim Braun Aug 23, 2023:
Again I'm not an AI skeptic - on the contrary. But today's AI can't be expected to do well with this type of problem (translation of short, unusual and ambiguous phrases with negligible context). ChatGPT does much better with longer texts.

Proposed translations

2 hrs
Selected

partiell pensionsinlösen

Kanske kan funka. För detaljer, se ref (verkar vara en typisk sån transaktion).
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4 KudoZ points awarded for this answer.
0 min

köp av pensioner

The term "köp av pensioner" in Swedish accurately translates to "pension buy-in" in English because it refers to the action of purchasing pension liabilities from an insurer.

Example sentences in Swedish:
1. Det företaget beslutade att göra ett köp av pensioner för att minska deras exponering för pensionsrisker.
2. Genom köp av pensioner kan pensionsfonden överföra en del av ansvaret till försäkringsbolaget.
3. Ett lyckat köp av pensioner kan ge en tryggare pension för företagets anställda.
This is an AI-generated answer.
Peer comment(s):

neutral Joakim Braun : Good grief. Mangled Swedish and illogical example sentences. Who buys what from whom? Is "buy" a synonym of "sell"? (The translation itself is vague enough that it's hard to fault.)
1 hr
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