Aon: 'Wave' of pension schemes closures expected in 2021

Hope William-Smith
clock • 2 min read

The market events of 2020 could lead to a “fresh wave” of benefit reviews by UK companies and subsequent pension schemes closures, Aon says.

The consultancy's annual Pension Benefits Design Survey of over 300 clients in the private sector has found a growing number of companies are reviewing their defined benefit (DB) schemes in the wak...

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: Holcim appoints XPS Group and LPPA partners with Hackney Pension Fund

Tender Watch: Holcim appoints XPS Group and LPPA partners with Hackney Pension Fund

Holcim schemes appoint XPS for FM mandate and LPPA partners with Hackney Pension Fund

Professional Pensions
clock 03 April 2025 • 1 min read
Caravan and Motorhome Club scheme transitions to Standard Life plan

Caravan and Motorhome Club scheme transitions to Standard Life plan

Contract sees scheme join firm’s Group Flexible Retirement Plan

Jasmine Urquhart
clock 02 April 2025 • 1 min read
Think tank makes series of recommendations for DB surplus extraction

Think tank makes series of recommendations for DB surplus extraction

SMF’s report reveals potential benefits are ‘large’, but much ‘remains unknown’

Holly Roach
clock 02 April 2025 • 4 min read
Trustpilot