UK 'debt crisis' could reduce DB funding levels for well-funded schemes by 7%

Van Lanschot Kempen says crisis increasing deficits by £4m per £100m of liabilities could be on the cards

Jasmine Urquhart
clock • 2 min read
VLK says a "UK debt crisis" is on the cards and could affect DB schemes of all funding levels
Image:

VLK says a "UK debt crisis" is on the cards and could affect DB schemes of all funding levels

A UK ‘debt crisis’ could reduce the funding levels of well-funded defined benefit (DB) schemes by 7%, modelling by Van Lanschot Kempen finds.

The model analysing the impact of five future risk scenarios for well, medium and lower-funded schemes found such a crisis could increase deficits for well-funded schemes by £4m per £100m of liabil...

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

Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

More on Risk Reduction

Armfield scheme agrees £7m buy-in deal with Just Group

Armfield scheme agrees £7m buy-in deal with Just Group

The deal secured the benefits for 24 pensioners and 15 deferred members

Holly Roach
clock 31 October 2024 • 2 min read
St Modwen Pension Scheme constructs £18m buy-in deal with Just Group

St Modwen Pension Scheme constructs £18m buy-in deal with Just Group

Full scheme buy-in secures benefits for 215 pensioners and 55 deferred members

Holly Roach
clock 29 October 2024 • 2 min read
Deutsche Bank and L&G agree £1.1bn buy-in deal

Deutsche Bank and L&G agree £1.1bn buy-in deal

Full buy-in secures the benefits of around 4,000 scheme members

Holly Roach
clock 29 October 2024 • 3 min read
Trustpilot