Defined benefit (DB) pension schemes are looking for untraditional ways to build endgame strategies to better balance member and employer needs, the Pensions Policy Institute (PPI) has found.
In a report, Approaching the endgame: The future of DB pension schemes in the UK, published today (29 October), the PPI found that most private-sector DB schemes are now considering alternative pathways for their endgame strategy. Senior policy researcher Mark Baker said: "With most schemes closed to new members and new accrual, trustees and sponsors of private sector DB schemes have turned their attention to how schemes will navigate their endgames." As DB schemes mature and become cashflow negative, many are looking for ways to meet member obligations without damaging the business o...
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