Open DB will die out in 2011 despite deficit improvement

Jenna Towler
clock

The majority of defined benefit pension schemes will be shut this year despite combined deficits decreasing by £121bn in the past year, Pension Capital Strategies says.

PCS figures for all UK private sector DB schemes showed a £62bn deficit at the end of last month, compared to a £183bn deficit at the end of January, 2010. Funding levels for all DB schemes stood a...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Average time to buyout falls to record low in May, Barnett Waddingham finds

Average time to buyout falls to record low in May, Barnett Waddingham finds

DB End Gauge Index reveals average time to buyout for FTSE 350 schemes fell to 3.6 years last month

Martin Richmond
clock 10 June 2025 • 1 min read
PPF posts £18.6bn rise in scheme surpluses during May

PPF posts £18.6bn rise in scheme surpluses during May

Rise in bond yields caused DB schemes’ asset and liability values to fall

Jonathan Stapleton
clock 10 June 2025 • 4 min read
Most trustees plan to adopt statutory override for DB surplus, poll finds

Most trustees plan to adopt statutory override for DB surplus, poll finds

XPS Group survey found most schemes are now more likely to run-on to build and use surplus

Holly Roach
clock 10 June 2025 • 1 min read
Trustpilot