Three in four trustees fear private equity takeover

The survey of more than 250 trustees of defined benefit (DB) schemes also shows almost 80% trustees of schemes with a value in excess of £100m fear private equity. Short-term funding tops the reasons for such concern at 30%, followed by worries about deterioration in the covenant’s strength at about 20% and concerns about potential lack of interest in the scheme’s members at 20%. A total of 15% fear the unknown. However, about a fifth of trustees have considered and implemented investment in private equity. Almost a third of schemes worth more than £100m have considered or already inv...