Over half (55%) of FTSE 100 defined benefit (DB) schemes could buyout with an insurer within the next 10 years, according to Barnett Waddingham.
Its analysis of 83 FTSE 100 DB schemes - published today (1 July) - found one in five schemes could be in this position in the next five years, as a result of strong investment returns over recent years...
More needs to be done to speed up DB to DC transfers but, as Jonathan Stapleton says, more also needs to be done to protect members.
The Pensions Ombudsman (TPO) took on 2,566 early resolution cases in 2018/19 after onboarding a team from The Pensions Advisory Service (TPAS), according to its annual report and accounts.
The lifeboat fund is in a good position despite reserves taking a £0.6bn hit. But the ramifications of the EU judgment on member compensation is an area of concern for CEO Oliver Morley, writes Stephanie Baxter