Nearly half of schemes have lengthened recovery plans

Hymans Robertson’s research shows rise in extending plans by more than three years

clock • 2 min read
Nearly half of schemes have lengthened recovery plans

The pandemic led to a notable increase in defined benefit (DB) pension trustees lengthening their recovery end dates in 2021, according to Hymans Robertson.

The consultancy's annual benchmarking report found almost half of all DB pension schemes (45%) submitting valuations last year lengthened their recovery plan end date, with just over a fifth extend...

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