Defined Benefit

Decrease in surplus due to falling bond yields and turbulence in the banking sector

Decline in surplus offset by increase to company’s cash position

Donny Hay asks how trustees can manage ‘own product’ recommendation conflicts

PP survey respondents say implementation should be pushed back by at least six months

Mandate extended for six months after majority voted in favour of strike action

However, analysis finds DB schemes are resilient and have enough assets for buyout

SSAS service provider acquires administrator for undisclosed sum

No concerns over long-term cost efficiency and majority of funds now in surplus

Brightwell announces £1bn DB section of the EE Pension Scheme as its first client

CMI believes higher death rates in 2022 might be indicative of future mortality