University DB schemes overspending on running costs and 'inefficiencies'

Spence research finds average running costs for university DB schemes was £700,000

Martin Richmond
clock • 3 min read
University DB schemes overspending on running costs and 'inefficiencies'

University defined benefit (DB) schemes may be overspending as much as £200,000 a year on “unnecessary” running costs and “inefficiencies”, research from Spence & Partners has shown.

The advisory firm surveyed 30 DB schemes for pre-1992 UK universities, which hold a combined £6.5bn in assets under management. The majority of the pension provision in universities is through mult...

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

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Hymans Robertson launches governance service for corporates with DB schemes

Hymans Robertson launches governance service for corporates with DB schemes

Consultancy says corporates will need to regularly check to ensure their scheme’s governance is ‘fit-for-purpose’

Martin Richmond
clock 04 September 2025 • 2 min read
Currys commits to £50m buyback following triennial pensions review

Currys commits to £50m buyback following triennial pensions review

Deficit fall allows retailer to cut contributions and return money to shareholders

Jonathan Stapleton
clock 04 September 2025 • 1 min read
Lack of industry consensus over run-on becoming medium-term DB strategy

Lack of industry consensus over run-on becoming medium-term DB strategy

PP survey finds 49% say run-on could become mainstream strategy for DB schemes over a five-year period

Martin Richmond
clock 27 August 2025 • 2 min read
Trustpilot