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...
Aggregate spending on defined benefit (DB) pensions has dropped from £19bn to £15bn in 12 months, according to Hymans Robertson.
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…
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 has set out plans to overhaul its defined benefit (DB) pension arrangements in a bid to manage costs.
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).