Sponsors urged to negotiate ‘robustly’ on funding assumptions and agreements
The events of the past 18 months have resulted in significantly improved funding positions for many UK defined benefit (DB) pension schemes. As a result, pension scheme trustees and their corporate sponsors are suddenly faced with an ‘endgame’ decision...
Consultancy finds continued surpluses generating ‘appetite’ for run-on
Mike Birch says trustees need a clear plan to take advantage of current funding positions
Hymans Robertson finds CMI model update could mean 3% reduction in liabilities
XPS finds transfer activity hit lowest levels since index’s inception in May 2018
Specialist DB insurer wrote £6.9bn of new business premiums in 2023
MPs comment on funding regime, surplus extraction and consolidation approaches
Hymans Robertson says schemes see model as providing time and cost savings
Buzz survey finds nearly three-quarters of respondents support further reflection by TPR