DB schemes to pay out third of a trillion pounds in next three years
Defined benefit (DB) schemes are set to shear themselves of over £300bn of liabilities between 2019 and 2021 as they continue to mature, Mercer predicts.
The investment consultancy said a combination of payments to aging members, bulk annuity deals, member transfers, and tax-free lump sums would lead to the significant figure. The consequence is that...
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DB trustees urged to engage with advisers to avoid 'reputational damage'
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Unilever sets out plans to overhaul DB offering; Unions join forces to quash proposals
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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).
