Defined benefit (DB) scheme members with weaker employers face a 50% chance of a cut in benefits due to sponsor insolvency, according to Hymans Robertson.
Consultants, trade bodies, and professional societies across the pensions industry have responded relatively positively to guidance from The Pensions Regulator (TPR) that has today signalled a clear start for defined benefit (DB) scheme consolidation...
Increased pension deficits are putting additional strain on many charities already financially struggling in the midst of Covid-19, latest research by Hymans Robertson finds.
Against a Covid-19 backdrop of deteriorating funding positions and reduced ability to pay DRCs, Alistair Russell-Smith looks at key actions for scheme sponsors.
Aggregate spending on defined benefit (DB) pensions has dropped from £19bn to £15bn in 12 months, according to Hymans Robertson.
Three in five trustees have not heard of Clara Pensions, one of two defined benefit (DB) consolidators to have launched since last year's government white paper.
Some 58% of UK charities have closed their defined benefit (DB) schemes to future accrual, Hymans Robertson research reveals.
Susan Mcllvogue has been appointed as head of Hymans Robertson's trustee defined benefit (DB) business, replacing Callum Cooper.