UK - The outlook for defined benefit (DB) pension plans is uncertain with less than 40% of schemes still open and over a third of these likely to close within the next five years, according to the results of Alexander Forbes Financial Services annual Pension Confidence Survey.
The risks in DB plan funding have been underappreciated, with most schemes relying on equity market gains to improve the funding positions, rather than increasing contributions, the survey said. ...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- 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
