Trustees of defined benefit (DB) pension schemes face a quandary. How can they best help members make good decisions when it comes to accessing their pension benefits, ask Barnett Waddingham’s Jane Ralph and Liam Mayne?
2018 a year to remember? Whilst Brexit and other world-changing events were going on, the pensions industry was embarking on its own journey into unchartered territory as it continues to develop to ensure it remains fit for purpose.
Defined benefit pension schemes are widely acknowledged to be in decline and entering an era of run-off. However as is often the case with pensions, the timeframe over which this is expected to play out is, shall we say, a little longer than normal!
In June we hosted early morning forums to look at the White Paper from an employer’s perspective and to consider the potential implications. Jane Ralph, Associate, discusses the views of the attendees and the positives for employers.