DB costs rise 37% in a year as small schemes under pressure
Private sector defined benefit (DB) schemes have seen a significant increase in running costs per member since 2015, according to the Pensions and Lifetime Savings Association's annual survey.
In just a year, the mean cost has risen by 37% from £400 to £546 per member, driven by higher fund management and custody expenses which increased 32% since 2015. The survey conducted between 6 June...
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