Is now the time for pension trustees and employers to act on scheme security?

Mike Birch says trustees need a clear plan to take advantage of current funding positions

clock • 4 min read
Mike Birch is a client director at Vidett
Image:

Mike Birch is a client director at Vidett

For most defined benefit (DB) pension schemes, funding positions have never been better. This is a reason for action rather than complacency as the environment could change, certainly over the timeframes of DB schemes. Pension trustees should have a clear plan to take advantage of current positions.

Setting and delivering a strategic plan is in everybody's interests – trustees, members and sponsoring employers. Removing volatility in what has traditionally been a key corporate liability involv...

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 rise by £19bn in April, XPS finds

DB surpluses rise by £19bn in April, XPS finds

XPS finds aggregate DB funding levels remain ‘extremely positive’ on long-term target basis

Martin Richmond
clock 07 May 2024 • 1 min read
Will LGPS schemes cut contributions in light of sustained surpluses?

Will LGPS schemes cut contributions in light of sustained surpluses?

PwC asks if public sector schemes will look to use surpluses to meet contribution costs

Jonathan Stapleton
clock 03 May 2024 • 3 min read
PIC completes £1.5bn of new business transactions in Q1

PIC completes £1.5bn of new business transactions in Q1

Specialist DB insurer reports ‘strong’ start to the year with launch of new buyout service

Martin Richmond
clock 03 May 2024 • 1 min read
Trustpilot