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...

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Martin Richmond
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Martin Richmond

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