Member option confusion adding £100bn to buyout costs

Hymans Robertson research finds clearer member options could mitigate costs

Hope William-Smith
clock • 1 min read
Member option confusion adding £100bn to buyout costs

Around £100bn – equating to a three-year reduction on timescale to buyout – could be saved for defined benefit (DB) schemes if members were presented with clearer options, according to Hymans Robertson.

Analysis published by the consultant today (22 June) found DB schemes are taking longer to reach buyout unnecessarily as they fail to consider the impact of member options. Hymans Robertson cons...

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