Is government trying to end open DB?

clock • 3 min read

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 contrib...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

DB surpluses reach 'near record' of £154bn, XPS says

DB surpluses reach 'near record' of £154bn, XPS says

XPS says DB funding improved by £20bn in February driven by 0.2% rise in long term gilts

Jasmine Urquhart
clock 04 March 2024 • 1 min read
Professional Pensions' DB Funding Index

Professional Pensions' DB Funding Index

How the funding of defined benefit pension schemes is changing

Jonathan Stapleton
clock 04 March 2024 • 1 min read
SPP: New DB funding regime will make 'little' difference to pace of scheme closures

SPP: New DB funding regime will make 'little' difference to pace of scheme closures

Poll comes as 500,000 people still contributing to private sector schemes

Jonathan Stapleton
clock 01 March 2024 • 1 min read
Trustpilot