Majority of sponsors have 'no need' to suspend contributions

Hope William-Smith
clock • 1 min read

The Society of Pension Professionals (SPP) estimates only 5-10% of scheme sponsors will suspend or reduce contributions during the coronavirus pandemic while majority have no need to alter their payment schedules.

The SPP conducted a poll of its members, finding more than half (55%) expected that no defined benefit (DB) schemes would suspend or reduce contributions. This comes as the UK prepares to enter ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Partner Insight: Aon UK Risk Settlement Bulletin - Q1 2026

Partner Insight: Aon UK Risk Settlement Bulletin - Q1 2026

Latest edition of the Aon UK Risk Settlement Bulletin is now available.

Aon
clock 11 February 2026 • 1 min read
Aon reappointed to LGPS framework for actuarial, benefit and governance consultancy services

Aon reappointed to LGPS framework for actuarial, benefit and governance consultancy services

Firm reappointed to lots 1 to 5 of the framework for actuarial, benefits and governance services

Martin Richmond
clock 11 February 2026 • 1 min read
WTW predicts risk transfer market could hit £70bn in total volumes in 2026

WTW predicts risk transfer market could hit £70bn in total volumes in 2026

Consultancy’s report finds market is entering 2026 with ‘strong momentum’

Martin Richmond
clock 10 February 2026 • 3 min read
Trustpilot