From thought leadership to technical pieces, knowledge hub keeps our members and pensions professionals up to date with the recent developments in the industry.
It’s early days but, so far, the 2020s aren’t winning any prizes as the UK workforce’s favourite decade. Times are tougher, belts are tighter, and pension scheme membership is under pressure as employees navigate the seismic shift in the status quo from early 2020 to now. The cumulative impact of the pandemic, the rise of working from home, the cost-of-living crisis and more cannot be underestimated.
Navigating the ‘pensions endgame’ universe (to reach the right destination)
Technical News January 2020. With the majority of private sector defined benefit (“DB”) pension schemes closed to new joiners, and increasingly closed to future benefit accrual, DB pension schemes have a finite life. Trustees and sponsors are increasingly considering new strategies as to how they manage a pension scheme to its end point. These strategies reflect that the scheme will be maturing over time, will become increasingly cashflow negative and will need to be funded to ensure all members’ pension benefits can be paid in full.
Navigating the ‘pensions endgame’ universe (to reach the right destination)
Technical News January 2020. With the majority of private sector defined benefit (“DB”) pension schemes closed to new joiners, and increasingly closed to future benefit accrual, DB pension schemes have a finite life. Trustees and sponsors are increasingly considering new strategies as to how they manage a pension scheme to its end point. These strategies reflect that the scheme will be maturing over time, will become increasingly cashflow negative and will need to be funded to ensure all members’ pension benefits can be paid in full.
It’s early days but, so far, the 2020s aren’t winning any prizes as the UK workforce’s favourite decade. Times are tougher, belts are tighter, and pension scheme membership is under pressure as employees navigate the seismic shift in the status quo from early 2020 to now. The cumulative impact of the pandemic, the rise of working from home, the cost-of-living crisis and more cannot be underestimated.
