ACA survey reveals small firm DB pension provision virtually extinct

clock

Defined benefit pension schemes operated by small businesses are now virtually extinct with 91pc closed to new entrants, an Association of Consulting Actuaries survey shows.

The ACA's 2008 smaller firms pension survey also revealed half of schemes in the sector are closed to future accrual. It added savings into defined contribution schemes in the sector are "worryin...

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

£340bn of pension surplus could be unlocked as result of DWP's DB proposals

£340bn of pension surplus could be unlocked as result of DWP's DB proposals

Surplus options and public sector consolidator causing some schemes to re-evaluate strategy

Jonathan Stapleton
clock 28 February 2024 • 3 min read
Abrdn 'exploring options' over £700m DB scheme surplus

Abrdn 'exploring options' over £700m DB scheme surplus

Move comes after Court of Session confirmed asset manager’s right to any surplus

Jonathan Stapleton
clock 28 February 2024 • 1 min read
SPP: The devil is in the detail on new DB funding regime

SPP: The devil is in the detail on new DB funding regime

Revised regs are welcome but much now depends on TPR’s final code and strategy requirements

Steve Hitchiner
clock 27 February 2024 • 3 min read
Trustpilot