Exclusive: DB sponsor profit warnings trend continues unwelcome escalation

Hope William-Smith
clock • 2 min read

Defined benefit (DB) pension scheme sponsors issued 249 profit warnings last year, 90% of which were specifically related to the coronavirus pandemic, according to EY.

The findings published today (1 February) built on the back of October research from the auditor which found nearly two-in-three schemes had issued profit warnings in the first nine months of 2020....

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

Industry warns DB surplus framework could be 'unnecessarily burdensome'

Industry warns DB surplus framework could be 'unnecessarily burdensome'

Industry says clarity needed and regulations must be as practical as possible

Martin Richmond
clock 27 August 2026 • 6 min read
Industry bodies welcome DWP's consultation on surplus flexibilities

Industry bodies welcome DWP's consultation on surplus flexibilities

Industry experts say guidance on surplus flexibilities must ‘strike the right balance’

Martin Richmond
clock 27 August 2026 • 6 min read
Most DB schemes keeping surplus options open, research finds

Most DB schemes keeping surplus options open, research finds

Aon finds 76% of schemes intending to run on have not agreed how to share surplus

Martin Richmond
clock 26 August 2026 • 4 min read
Trustpilot