The DB Odyssey

Published by Chris Ramsey on

Our expert

  • Chris Ramsey

    Chris Ramsey

    Partner and Head of DB Endgame (Actuarial Consulting)

  • With fewer defined benefit (DB) pension schemes open to new joiners, many DB schemes are now on the long road to their end. This makes it increasingly important for trustees and employers to think carefully about what they are to achieve in the long term. 

    This long term strategic thinking is also an increasing focus for The Pension Regulator, particularly as the government plans to legislate to make it a requirement for all schemes to set a long term target.

    This long term target could be buying out with an insurance company, another form of settlement or continuing to pay benefits until the last pensioner dies. The journey to your target is a long road full of twists, turns and occasional potholes. We help our clients develop and implement a "journey plan" to ensure that you achieve your long term objective. Like with any journey, this involves answering four key questions:

    • Where are we going?
    • How do we get there?
    • How do we make sure we don’t get lost?
    • What do we do when we arrive?

    To continue reading, please download the briefing note below.