UK defined benefit pensions: From crisis to catastrophe?

The time has come for DB schemes to approach liability management differently

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Redington's Rob Gardner says the time has come for defined benefit pension schemes to take a different approach to managing their liabilities.

At a glance In 2005 TPR identified an average recovery plan of 9.1 years for UK defined benefit pension (DB) funds in deficit. However, almost a decade on funding levels have not changed.  A...

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