QE3 will fuel employers' desire to shut down DB

Jenna Towler
clock

Half of defined benefit schemes will be closed to future accrual by the end of the year as quantitative easing increases costs, a consultant predicts.

Aon Hewitt benefit design specialist James Patten said the Bank of England's policy - the third round of which began last week raising fears over continued "scheme funding torture" (PP Online, 9 Fe...

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

DB endgame strategies must have capacity for flexibility, says Hymans

DB endgame strategies must have capacity for flexibility, says Hymans

Consultancy outlines changes of scenarios which could alter endgame planning

Martin Richmond
clock 06 November 2024 • 2 min read
Scheme funding levels improved in October, Broadstone finds

Scheme funding levels improved in October, Broadstone finds

Broadstone Sirius Index finds rise in interest rates improved half-hedged scheme surplus to 101.8%

Jasmine Urquhart
clock 06 November 2024 • 1 min read
Industry considers buyout to be good value for DB schemes

Industry considers buyout to be good value for DB schemes

PP poll reveals 56% say buyout offers value for DB scheme stakeholders

Martin Richmond
clock 05 November 2024 • 2 min read
Trustpilot