DB pensions: Advice industry shares funding concerns

Professionals express apprehension over stability of DB pension funding

Sahar Nazir
clock • 1 min read

More than one third (35%) of industry professionals are concerned about the stability of the funding of defined benefit (DB) pensions, according to a recent PA Asks survey.

Although 35% answered ‘yes' to the statement ‘are you concerned about the stability of the funding of DB pensions?', more than half (54%) of respondents said ‘no'. Meanwhile, just 11% of respondents answered, ‘do not know'. One respondent who answered, ‘yes' said: "Gilts are key, so by extension depends on the economy." According to recent Lane Clark & Peacock (LCP) figures, the rise in gilt yields in 2023 has resulted in transfer values dropping from £250,000 at the beginning of the year to around £130,000 now. Another respondent who agreed with the statement said that  governm...

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