The Pensions Institute has called for urgent action after its research found one in ten defined benefit (DB) schemes would "never ever" pay benefits in full.
Its report, The greatest good for the greatest number, challenges the assumption that most underfunded schemes will ultimately be able to meet their obligations. It predicts significant numbers of employers...
NFU Mutual the fastest
The Old British Steel Pension Scheme (OBSPS) has agreed a £2bn full buy-in with Pension Insurance Corporation (PIC), one step closer to exiting Pension Protection Fund (PPF) assessment.
Much like when selling a house, DB plans need to tidy up before approaching the bulk annuity market, says David Ellis.
Just Group has completed a £340m buy-in with the Ibstock Pension Scheme in the insurer’s largest ever bulk annuity transaction.
Punter Southall has launched a defined benefit (DB) scheme consolidator in a bid to allow small schemes to cut their running costs, reduce risk and improve benefit security and governance.