'Glaring gaps' in DB schemes' wind-up processes

Hymans report says leaving wind-up activity to last minute is creating problems for schemes

Holly Roach
clock • 2 min read
Hymans Robertson partner Jo Gyte
Image:

Hymans Robertson partner Jo Gyte

The buy-in process being completed quicker than expected is creating “glaring gaps” for defined benefit (DB) pension schemes’ wind-up processes, according to Hymans Robertson.

The firm's latest paper suggested leaving wind-up activity to the last minute is creating "numerous problems" for schemes. The consultancy said in recent years, many schemes have completed full ...

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

Partner Insight: Beyond the numbers - supporting vulnerable pensioners

Partner Insight: Beyond the numbers - supporting vulnerable pensioners

Just Group
clock 19 November 2024 • 4 min read
SPP: DB funding code will create clarity between funding, covenant and investment

SPP: DB funding code will create clarity between funding, covenant and investment

Survey finds 25% say code will establish ‘clearer TPR expectations’ for risk management

Martin Richmond
clock 14 November 2024 • 1 min read
DB surpluses hit record £208bn in October, XPS finds

DB surpluses hit record £208bn in October, XPS finds

Surpluses up from £187bn in September due long-term gilt yield rise and drop in liabilities

Holly Roach
clock 13 November 2024 • 1 min read
Trustpilot