'Glaring gaps' in DB schemes' wind-up processes

Hymans report says leaving wind-up activity to last minute is creating problems for schemes

Holly Roach
clock • 2 min read
Hymans Robertson partner Jo Gyte
Image:

Hymans Robertson partner Jo Gyte

The buy-in process being completed quicker than expected is creating “glaring gaps” for defined benefit (DB) pension schemes’ wind-up processes, according to Hymans Robertson.

The firm's latest paper suggested leaving wind-up activity to the last minute is creating "numerous problems" for schemes. The consultancy said in recent years, many schemes have completed full ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Partner Insight: UK risk settlement market – A look back over 2024

Partner Insight: UK risk settlement market – A look back over 2024

Martin Bird, Senior Partner & Head of Risk Settlement, Aon
clock 23 December 2024 • 4 min read
Is consolidation enhancing or eroding service provision to DB schemes?

Is consolidation enhancing or eroding service provision to DB schemes?

Assessing the benefits and shortcomings of industry consolidation

Donny Hay
clock 19 December 2024 • 4 min read
DB transfer values drop to a 12-month low in November, XPS finds

DB transfer values drop to a 12-month low in November, XPS finds

XPS says Transfer Activity Index has remained ‘broadly flat’ throughout 2024

Martin Richmond
clock 19 December 2024 • 1 min read
Trustpilot