UK schemes could release up to £200bn currently invested in gilts to match their liabilities more closely with a buy-in policy, says Aon Hewitt.
Despite mid-sized schemes' commitment to long-term funding targets the majority are failing to progress due to lack of resources, a poll shows.
Grasping the nettle of guaranteed minimum pensions
FTSE350 buyout liabilities are surging towards £1trn forcing schemes to abandon buyout plans and move forward with alternative de-risking strategies, Aon Hewitt says.
The Budget rings an effective death knell for private sector provision, argues Michael Bow
Almost three-quarters of schemes are committed to long-term de-risking strategies but the majority still plan to demand extra employer contributions, an Aon Hewitt poll reveals.
The government must amend existing pension legislation to ensure the majority of schemes are able to legally shift indexation from RPI to CPI, Aon says.