Funding code and regs expected to apply to scheme valuations from September
Transaction insures the benefits of 14,000 members of two schemes
Nearly every trustee is confident of the next stage in their scheme’s strategy, despite almost an equal number being forced to consider replacing plans within the prior 12 months, according to research by Barnett Waddingham.
The proportion of defined benefit (DB) schemes closed to future accrual has increased by 18 percentage points over the last five years, according to Barnett Waddingham.
More than 60% of the largest UK pension funds have already changed or are in the process of switching their actuarial consultant, according to Barnett Waddingham research.