contracting out

Natasha Browne takes a look at the key issues around DB contracting out ahead of the April 2016 deadline

A worrying number of defined benefit (DB) scheme sponsors appear under-prepared for the end of contracting out says Hymans Robertson.

Trustees should request written confirmation of how member data supplied to employers for the end of contracting out will be used, lawyers have warned.

The Pensions Administration Standards Association (PASA) is forming a Guaranteed Minimum Pensions (GMP) working group in response to the end of contracting out in 2016.

Employers will have to consult pension scheme members before altering contributions or benefits to compensate for the end of contracting out, the government has said.

British companies face a cost of £10bn over the next ten years as a result of the decision to end contracting out, according to research.

British companies face a cost of £10bn over the next ten years as a result of the decision to end contracting out, according to research.

This year has been a busy one for pensions and 2015 looks to be very much the same. Squire Patton Boggs has highlighted 12 key areas for trustees to focus on in 2015.Here's number five to eight.

The total deficit of defined benefit (DB) FTSE 350 pension schemes surged 80% over the year to date, according to Hymans Robertson.

Defined benefit trustees believe managing investment risk will present them with the biggest challenge next year, according to PP research.