Transfers from defined benefit (DB) to defined contribution (DC) schemes as a result of changes introduced in the Budget could cut £15bn from FTSE 350 scheme liabilities, says Hymans Robertson.
Around 30% of DB members were expected to move into DC to take advantage of the Budget freedoms, taking £100bn of risk off the table, head of corporate consulting Jon Hatchett said. The consulta...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date