I agree We use cookies on this website to help us provide the best user experience. By browsing this site you agree to their use - more information is available here.

Barnett Waddingham
0333 11 11 222

Big Schemes Survey 2017

Published by Andrew Vaughan on

The largest occupational pension schemes are an integral part of the UK economy. These schemes invest substantial amounts of capital in the wider economy and are responsible for the retirement wellbeing of a large proportion of the population. They also strongly influence the behaviour of smaller schemes, for example with respect to developing innovative methods of sponsor support and risk mitigation.

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.


KEY HIGHLIGHTS

97%

of final salary schemes in our survey are either closed to new members or to future accrual

57%

of schemes have a deficit on their company accounting basis

£60m

of average annual employer deficit contribution

80%

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

Big Schemes Survey 2017

About the author

  • Andrew Vaughan

    Andrew advises a range of UK and international businesses on DB pension issues including pension scheme funding, risk reduction exercises, pension benefit design, M&A transactions and accounting disclosures.

    View Biography

Register for your choice of email alerts

Stay ahead with our latest comment, expert insight and event details.