PPF projects DB surplus by 2021 but Brexit could be spanner in the works
Defined benefit (DB) schemes could have an aggregate surplus by 2021 under Pension Protection Fund (PPF) projections, its strategic plan for 2018 to 2021 reveals.
While this is a positive projection for funding, the lifeboat fund also predicts 60% of the 5,588 schemes in the DB universe will remain in deficit, still posing a risk to the PPF if claims are made...
More on Defined Benefit
FTSE 350 DB spending drops £4bn in largest year-on-year fall in a decade
Aggregate spending on defined benefit (DB) pensions has dropped from £19bn to £15bn in 12 months, according to Hymans Robertson.
DB funding - November 2019: Global equity rally drives down deficits
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. See here for the November 2019 estimates on the various measures…
DB trustees urged to engage with advisers to avoid 'reputational damage'
Pension scheme trustees should actively engage financial advisers if members are looking to transfer out of their defined benefit arrangements and washing their hands of the process does not eliminate risk, a study has found.
Unilever sets out plans to overhaul DB offering; Unions join forces to quash proposals
Unilever has set out plans to overhaul its defined benefit (DB) pension arrangements in a bid to manage costs.
Average DB scheme able to meet 94% of benefits
A typical defined benefit (DB) scheme was able to meet 93.7% of its accrued pension rights as of 30 September this year, according to Legal & General Investment Management (LGIM).
