With a total market value of over £2trn, defined benefit (DB) pensions are an enormous financial resource, says Baroness Ros Altmann. But quantitative easing (QE) has caused significant damage to pension funding.
Lower long-term bond yields have caused a dramatic rise in the costs of long-term pension promises and increased scheme deficits. Over 70% of employer DB contributions were deficit recovery contributions...
Defined benefit (DB) pension transfer values recovered by about a third last month after February’s sharp fall, according to figures from XPS Pensions Group.
Guidelines on what is and is not viewed as defined benefit (DB) trustees providing members with regulated advice need to be clearer, respondents to a Professional Pensions survey say.
Universities UK (UUK) has opened a formal consultation with employers in the Universities Superannuation Scheme (USS) seeking views on how to tackle the scheme’s funding situation.
Just one quarter of defined benefit (DB) members are confident about making decisions at retirement, according to research by Hymans Robertson.
Every month, several firms issue trackers of the aggregate defined benefit (DB) scheme funding position. Here are the March 2021 estimates on the various measures…