DB schemes move towards risk-sharing approach

Speaking at the launch of its governance discussion paper, June Mulroy, executive director of delivery at the Pensions Regulator, suggested there are some interesting products coming through the market aimed at large final salary FTSE 100 companies, but the problem to address is how to offer less expensive ‘scaled down’ versions. She says it is ‘heartening’ many employers want to keep their DB schemes open, although not necessarily on the same terms, so has been keeping a watching brief at solutions emerging from the City. Mulroy adds: “We know of one company considering reopening its D...