How to approach spiralling DB deficits

As deficits hit a record level, PP looks at the impact on funding negotiations

clock

Pension deficits across private sector defined benefit (DB) schemes hit a new high in January. The latest pensions risk survey from Mercer showed a 25% increase across FTSE 350 schemes between December 2014 and January 2015 alone.

Figures from JLT Employee Benefits (JLT EB) summed the problem up, revealing a 70% hike in total scheme deficits since January 2014, while the combined s179 deficit of schemes covered by the Pensio...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Tender Watch: Cadent Gas Pension Trustee selects Northern Trust as custodian

Tender Watch: Cadent Gas Pension Trustee selects Northern Trust as custodian

Appointment follows detailed due diligence exercise that was managed independently

Professional Pensions
clock 30 October 2024 • 1 min read
Mixed industry views on DB run-on, SPP finds

Mixed industry views on DB run-on, SPP finds

SPP and APL survey of pension professionals finds minority think run-on is viable long-term strategy

Jasmine Urquhart
clock 23 October 2024 • 1 min read
One third of DB schemes report rise in running costs

One third of DB schemes report rise in running costs

TPT research finds on average DB scheme running costs rose by 37% in the last year

Martin Richmond
clock 24 September 2024 • 2 min read
Trustpilot