DB shortfalls offer adviser opportunities

New disclosure rules brought in under the Pensions Act 2004 mean members of DB schemes should have been told by 22 September 2006 about the state of the scheme, including any deficits, and how much of the benefits they are entitled to will be paid if the company suddenly closes down. And Skandia argues with around 26 million members of DB pension schemes potentially facing shortfalls in their company schemes, and around 89% of DB schemes in deficit during 2005, there is a significant opportunity for advisers to review a clients DB scheme, and if necessary use the new concurrency rules to ...