The full impact of the pandemic means many defined benefit (DB) schemes will have now overestimated the life expectancies of their members, research suggests.
Data from XPS Pensions yesterday (22 March) found pension liabilities may be overstated by between 1.5% and 3.5% as the full impact of the last 12 months on member longevity starts to become clear...
Schemes could be charged a £1.5bn bill to equalise past defined benefit (DB) scheme transfers after last year’s landmark GMP equalisation ruling, says Buck.
The financial impact on defined benefit (DB) schemes from the Covid-19 pandemic is “likely to be marginal”, and only in the event of continued substantial additional deaths for many years would there be a significant reduction in UK DB scheme liabilities,...
Luke Hartley looks at recent cases involving House of Fraser, Silentnight and Johnston Press
Defined benefit (DB) pension transfer values recovered by about a third last month after February’s sharp fall, according to figures from XPS Pensions Group.
Guidelines on what is and is not viewed as defined benefit (DB) trustees providing members with regulated advice need to be clearer, respondents to a Professional Pensions survey say.