DB 'inefficiencies' costing schemes £300m per year

Research finds ‘fragmented’ administration market leads to ‘unnecessary’ running costs

Martin Richmond
clock • 4 min read
DB 'inefficiencies' costing schemes £300m per year

Inefficiencies and unnecessary running costs are causing defined benefit (DB) schemes to collectively spend around £300m each year more than they need to, research from Spence & Partners has found.

The advisory firm's research – Reducing Running Costs for Defined Benefit Pension Schemes – analysed the running costs of DB schemes in the UK with between 100 and 9,999 members. It focused on the ...

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