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Barnett Waddingham
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DB Scheme Funding - where do we go from here?

Published by Chris Ramsey on

Good risk management by trustees and sponsors of defined benefit (DB) pension schemes is becoming increasingly important as those schemes mature. The Pensions Regulator (TPR) has also emphasised this, in particular since its guidance on Integrated Risk Management was released in December 2015.

Our recent in-depth survey of the approach taken by trustees to risk management suggested that trustees are engaged with TPR guidance, but are still getting to grips with exactly how to implement it in practice. We set out our thoughts on the state of the DB pension scheme universe, some of the key challenges that schemes face and how good risk management can help meet those challenges.

DB schemes face a tough challenge ahead

£300bn

Cost of buying-out with an insurer is around £300bn higher than in 2006

60%

The average scheme is now about 60% funded on a buy-out basis

40%

DB pension schemes currently hold around 40% of all sterling denominated bonds

To find out more, download our insights document below.

DB Scheme Funding - where do we go from here?
1.9 MB | PDF

About the author

  • Chris Ramsey

    Chris provides actuarial and consultancy advice to trustees and employers of defined benefit pension schemes.

    View Biography

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