UK's DB trustees lose 3,000 days a year to process inefficiencies

Hope William-Smith
clock • 1 min read

Defined benefit (DB) pension trustees without technology-led processes are losing a total of 3,000 days per year, according to Willis Towers Watson (WTW).

The calculation of 20 hours per annum assumes an average of five trustees per scheme, saving four hours annually. Based on 1,200 DB schemes valued between £50m and £500m the analysis equates this t...

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 Admin / Technology

Pensions dashboards: A game-changer or a gateway for scammers?

Pensions dashboards: A game-changer or a gateway for scammers?

Ian Bell and Erin Sims say the introduction of dashboards could leave savers vulnerable to unregulated advice

Ian Bell and Erin Sims
clock 18 September 2025 • 4 min read
PASA publishes dashboards toolkit on warnings and unavailable code

PASA publishes dashboards toolkit on warnings and unavailable code

Toolkit covers when to apply unavailable codes and good practice for warning codes

Jasmine Urquhart
clock 17 September 2025 • 1 min read
PCS union members working at MyCSP announce further strike action

PCS union members working at MyCSP announce further strike action

Union announces workers will go on strike for six weeks from 29 September to 7 November

Martin Richmond
clock 15 September 2025 • 1 min read
Trustpilot