UK 'debt crisis' could reduce DB funding levels for well-funded schemes by 7%

Van Lanschot Kempen says crisis increasing deficits by £4m per £100m of liabilities could be on the cards

Jasmine Urquhart
clock • 2 min read
VLK says a "UK debt crisis" is on the cards and could affect DB schemes of all funding levels
Image:

VLK says a "UK debt crisis" is on the cards and could affect DB schemes of all funding levels

A UK ‘debt crisis’ could reduce the funding levels of well-funded defined benefit (DB) schemes by 7%, modelling by Van Lanschot Kempen finds.

The model analysing the impact of five future risk scenarios for well, medium and lower-funded schemes found such a crisis could increase deficits for well-funded schemes by £4m per £100m of liabil...

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

Join now

 

Already a Professional Pensions
member?

Login

Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

More on Risk Reduction

Food manufacturer agrees £17m full scheme buy-in deal with Just Group

Food manufacturer agrees £17m full scheme buy-in deal with Just Group

Transaction insures the benefits of 32 pensioners and 22 deferred scheme members

Holly Roach
clock 11 December 2024 • 2 min read
Hays Pension Scheme secures £370m buy-in with PIC

Hays Pension Scheme secures £370m buy-in with PIC

Deal secures benefits of 853 pensioners and dependants and 3,368 deferred members

Holly Roach
clock 10 December 2024 • 2 min read
L&G set to return PRT capital to shareholders as result of low strain in 2024

L&G set to return PRT capital to shareholders as result of low strain in 2024

Insurer estimated to write £8.4bn of PRT deals in 2024 as part of target of £50-65bn by 2028

Jonathan Stapleton
clock 04 December 2024 • 3 min read
Trustpilot