Pension schemes at risk from lump sum payouts, warns regulator

Pension schemes at risk from lump sum payouts, warns regulator –

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https://www.ft.com/content/c9d497b0-aaa2-11e8-94bd-cba20d67390c?sectionid=home%3FsegmentId%3D4f7d73ca-0221-7cc3-bb57-958dca5e9845

Given the risk of sponsor failure, if the cashout calculation ignores credit risk of sponsor then of course many would cash out. Not clear if there is correlation between cashout probability and risk of sponsor.

https://www.ft.com/content/c9d497b0-aaa2-11e8-94bd-cba20d67390c via @FT