Sponsors to pay £3.5m in additional deficit repair contributions each year
UK DB funding levels improve during pandemic but sponsor health remains top concern
Underfunded defined benefit (DB) pension schemes in the UK are over-dependent on historically improbable equity returns, analysis by Willis Towers Watson reveals.
Funding standards for DB schemes have increased exponentially over the past decades. Con Keating says such significant overstatement of liabilities will lead to pushback through the courts.
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach
High profile corporate failures such as Carillion have left schemes facing significant losses. Andrew Palmer looks at how to avoid such issues in future.
The watchdog wants amendments to the way defined benefit (DB) schemes are assessed so it can be "more efficient and effective", according to its response to the government's green paper.