Some 52% of pension professionals believe superfunds will become a commonplace solution for certain defined benefit (DB) schemes, a Lincoln Pensions survey finds.
Buck's David Piltz says the industry was shaped by several developments in 2018, many of which will continue to influence the sector this year.
It will take between three and five years before collective defined contribution (CDC) schemes are up and running, despite the government launching a consultation on the provision.
Defined benefit (DB) consolidation vehicles may be subject to a special levy if they are deemed eligible for the Pension Protection Fund (PPF) in the event of a failure.
Defined benefit (DB) 'superfund' consolidators will not take off, according to 52% of this week's Pensions Buzz respondents.
In this week's Pensions Buzz, we want to know whether you believe defined benefit (DB) 'superfund' consolidators will take off, and if there will be further consolidation of local government pension scheme pools.
Defined benefit (DB) schemes are to be offered a new consolidator as the former chief of the Pension Protection Fund (PPF) launches 'The Pension SuperFund'.
Hilary Salt says rather than designing new DB superfunds, wouldn't it be better to grow to appreciate and improve our existing superfund?