PwC

Consultancy warns schemes facing number of challenges following recent market volatility

The deal secures the benefits of 2,295 retirees and 5,890 deferred scheme members

Agreement enables the firm’s DC contributions to be funded from the DB surplus

Firm says schemes are ‘reconsidering’ strategies

Deal is first superfund transaction to be conducted with an active sponsor

Guidance for DB trustees is aligned with regulator’s funding code

Transaction secures the benefits for around 3,200 pensioner and deferred members

The organisation said schemes reached a new funding record in October

PE firm says trustee business provides strong organic and acquisitive growth opportunity

Organisation says funding levels ‘show resilience’ but data management issues remain