Derek Morris

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. 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.