Defined Benefit

Probability of success hits highest-ever level in bounce back after Covid chaos

The government is seeking to implement a new contribution structure from next year

Comes after cost-control mechanism was paused following 2019 McCloud judgement

Research found just 24% of professional DB trustees have set a long-term funding target

Red flags below 50% for the first time in more than 12 months

Findings come as scheme valuations strengthen despite Covid setbacks

Research finds most professional trustees find regulation overly complex

Total fees paid by transferring DB scheme members reach highest levels since 2018

Barnett Waddingham research considers the impact of freedom on withdrawals