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, according to Lane Clark & Peacock (LCP).
The consultant's longevity report revealed only an "everlasting hangover" from the pandemic will lead to big reductions in typical UK pension scheme liabilities. While the firm said the financial impact...
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. Here are the April 2021 estimates on the various measures…
All signs point to imminent and substantial growth in consolidation, according to a range of speakers across the industry, including TPR, at the recent Professional Pensions DB Consolidation Conference.
The Pensions Regulator (TPR) and the Pension Protection Fund (PPF) have launched a joint consultation on the proposals to update the asset information collected from defined benefit (DB) pension schemes.
The Pension Protection Fund (PPF) has confirmed several changes to its actuarial assumptions under various bases as part of a regular review, broadly improving the lifeboat fund’s view of scheme funding.
It will take too long to save into defined contribution (DC) pensions to keep retirement savings steady and offset the loss of defined benefit (DB) income, according to Lane Clark & Peacock (LCP).