DB pensions industry 'working against' govt finance agenda

Speaking at the Pensions and Lifetime Savings Association's annual conference this week, WTW head of GB clients Pieter Steyn said the industry currently faced a "productive finance predicament" - noting that, while the government was actively promoting scheme investment in growth assets, DB schemes had not only stopped investing in these assets but were actively coming out of then, sometimes at a discount. Steyn said this "wall of money" was coming out of productive assets as increasingly well-funded DB schemes looked to de-risk and funnel assets through to the insurance regime. He ad...