The majority of scheme managers and trustees are dissatisfied with the quality of reporting and analysis available to manage pension risk, a PensionsFirst poll reveals.
Some 68% of 135 respondents - polled at the Professional Pensions Show last year - said the reporting and analysis currently available for defined benefit schemes does not enable effective risk management...
In a year of uncertainty and volatility, the risk transfer market gave security and stability to thousands
Demand in the bulk annuity market is expected to remain high driving total deals to around £30bn this year in line with 2020 results, according to Bloomberg Intelligence (BI).
Changes to corporation tax announced in the Spring Budget could see defined benefit (DB) scheme sponsors defer contributions in favour of tax relief, according to Barnett Waddingham.
Defined benefit (DB) pension scheme sponsors issued 249 profit warnings last year, 90% of which were specifically related to the coronavirus pandemic, according to EY.
“Mounting red flags of financial stress” have meant almost two-thirds of listed companies with defined benefit (DB) schemes have issued profit warnings this year, EY says.