Employers prepare for mass DB closures

clock

Almost every defined benefit plan in the UK has plans to reduce or axe current provisions in the future, a PricewaterhouseCoopers survey reveals.

In a further crushing blow to private defined benefit scheme members', just 6% of 179 employers said they expected to maintain DB schemes in their current form. This comes despite 87% of employe...

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

PPF levy decision delay sparks hope of charge reduction or abolition

PPF levy decision delay sparks hope of charge reduction or abolition

Industry argues ‘multi-billion’ surplus means levy is no longer needed

Jonathan Stapleton
clock 13 December 2024 • 5 min read
Partner Insight: Investing in your risk settlement investment advice

Partner Insight: Investing in your risk settlement investment advice

Hatty Goodwin, Associate Partner, Aon
clock 13 December 2024 • 4 min read
Partner Insight: Protecting trustees after wind-up

Partner Insight: Protecting trustees after wind-up

Susannah Calder, Partner, Aon
clock 11 December 2024 • 5 min read
Trustpilot