Schemes will have to cut benefits in face of record deficits

Michael Klimes
clock

Most industry figures think defined benefit (DB) schemes will have to cut benefits to tackle spiralling deficits, according to PP research.

This week's Pensions Buzz survey found three in ten (31%) people thought a minority of schemes would need to compromise benefits and marginally fewer (29%) thought many schemes would have to bite t...

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

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Smaller DB schemes face greater exposure to climate risk, Broadstone finds

Smaller DB schemes face greater exposure to climate risk, Broadstone finds

Simplified investment strategies mean smaller schemes face nearly twice the risk of negative performance

Holly Roach
clock 07 October 2025 • 1 min read
Tender Watch: Co-op appoints First Actuarial

Tender Watch: Co-op appoints First Actuarial

Some administrators of Somerfield scheme to move to First Actuarial Manchester office

Professional Pensions
clock 29 September 2025 • 1 min read
Just four firms manage 80% of £1.1trn pension scheme assets

Just four firms manage 80% of £1.1trn pension scheme assets

LCP finds over half of new professional trustee appointments went to four firms since April last year

Jasmine Urquhart
clock 17 September 2025 • 3 min read
Trustpilot