A total of 80% of trustees predict their defined benefit (DB) pension schemes will still exist in 10 years, according to Aon Consulting.
A survey of more than 250 DB scheme trustees shows 52% believe their scheme will last in excess of another 20 years and just 20% think their scheme will wind up within a decade. However, 50% of employers in a 2007 survey by Aon predicted a scheme wind-up within the same period. Aon says the conflict in expectations suggests a significant communication gap between trustee boards and sponsoring companies. It says: “Whilst it seems to be a priority for sponsors to minimise or remove the effect of pension schemes on their financial results, this is not acknowledged by trustees. “Indeed, w...
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