Pensions Age editor, Laura Blows, spoke with Barnett Waddingham Partner and Head of DB Endgame Strategy, Ian Mills, about preparing and monitoring defined benefit (DB) journey plans.
Ian discussed the impact of Covid-19 on the markets and how different pension schemes are seeing different rates of progress towards their endgame targets.
He also discussed DB Navigator®, Barnett Waddingham's approach to helping scheme trustees and sponsors, from designing a well-designed journey plan to building in flexibility as the journey proceeds in order to overcome changes to the landscape and unforeseen circumstances.
"A well-designed journey plan should cover every aspect of a scheme. It's not just an actuarial issue or an investment issue. It needs to consider the legal, the accounting, the covenant – and all the perspectives of all stakeholders need to be taken into account."
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Mapping the course of your DB pension scheme
Barnett Waddingham introduces DB Navigator® – our holistic Actuarial, Investment and Administration approach that gives you the knowledge, structure and tools to optimise your strategy for tackling the journey towards your DB endgame.Find out More
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