Published by Andrew Vaughan on
Our latest analysis continues to highlight the closure of defined benefit (DB) schemes, both to new members and to future pension accrual. Given the focus on transferring risk from sponsoring employers, we also see some evidence of increased transfer activity in the new ‘freedom and choice’ landscape.
of final salary schemes in our survey are either closed to new members or to future accrual
of schemes have a deficit on their company accounting basis
of average annual employer deficit contribution
of median annual increase in transfer values paid out for some of the very largest schemes
This is our fifth annual survey in relation to private sector DB schemes in the UK with assets of over £1bn. It is based on publically available data up to 31 October 2016 and focuses on scheme type, asset allocation, investment performance, deficit contributions, and adviser fees. The survey covers over 160 schemes, but not all schemes are included within each section.
Please fill out the form below to download the full survey