DB deficits 'could rise by £100bn' with new funding code, predicts KPMG

Holly Roach
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New funding rules could increase DB pension deficits by £100bn
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New funding rules could increase DB pension deficits by £100bn

A revised funding code for defined benefit (DB) schemes could have a £100bn impact on pension schemes and employers when published, KPMG analysis has found.

Pension contributions for a typical employer could be doubled when the code of practice is updated and comes into force, which is expected in 2020, as set out in last year's white paper. KPMG's analysis...

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