Open DB will die out in 2011 despite deficit improvement

Jenna Towler
clock

The majority of defined benefit pension schemes will be shut this year despite combined deficits decreasing by £121bn in the past year, Pension Capital Strategies says.

PCS figures for all UK private sector DB schemes showed a £62bn deficit at the end of last month, compared to a £183bn deficit at the end of January, 2010. Funding levels for all DB schemes stood a...

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

Government plans to extract DB surplus 'go much further than most realised', says LCP

Government plans to extract DB surplus 'go much further than most realised', says LCP

Consultancy analysis finds government plans to extract DB surplus could be worth £160bn

Martin Richmond
clock 03 February 2025 • 2 min read
DB transfer values drop to lowest month-end since 2018, XPS finds

DB transfer values drop to lowest month-end since 2018, XPS finds

Consultancy says its Transfer Value Index saw ‘significant decline’ in final quarter of 2024

Holly Roach
clock 23 January 2025 • 2 min read
LGPS funding level hits record 125% in Q4 2024

LGPS funding level hits record 125% in Q4 2024

Isio’s Low Risk Funding Index measures end of year surplus at £85bn with assets exceeding £415bn

Jasmine Urquhart
clock 15 January 2025 • 2 min read
Trustpilot