Is Consolidation the Future for Defined Benefit Pensions?

Watch this exclusive LinkedIn Live event recording, which allows you to view the the thought-provoking content which took place in-person at 'Is Consolidation The Future For Defined Benefit Pensions?'. The Panel Discussion: What DB consolidation options are available?

Private sector defined benefit (DB) pension schemes continue to present challenges for employers because of their high costs and the demands they place on management time. But employers are increasingly taking advantage of industry and regulatory changes to embark on the process of “DB consolidation”. This is where administrative, actuarial, investment and other services are pooled to create economies of scale, reduce risk, save on costs and increase benefit security. Consolidation has advantages for scheme sponsors (employers), scheme trustees and scheme members (employees). 

There are different levels of consolidation to choose from. They range from simply appointing an independent professional trustee to replace the scheme’s in-house or member-nominated trustees, to the most radical where the employer offloads its liabilities entirely by selling the scheme to an insurer.

This FT briefing, in partnership with abrdn, targeted at chief financial officers, finance directors and HR directors in private sector companies with DB pension schemes. Pensions experts from a variety of firms – including investment managers, consultants and lawyers – outlined the advantages of DB consolidation and the options available to employers.

The challenges facing private sector DB pension schemes and why consolidation could be the solution

What DB consolidation options are available?

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