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Long term focus: addressing DB pensions sustainability

The landscape for DB schemes is challenging and hard to navigate

Concerns have been expressed about UK’s defined benefit (DB) pension system in the light of rising deficits. Brexit has thrown these challenges into even sharper relief – but there is much we can do to help companies manage the real costs of these schemes, including:

  •  Flexibility in funding plans within an effective regulatory system
  •  Modernising inflation indexation
  •  Addressing the negative spiral created by a “glits plus” approach to valuing schemes
  •  Unlocking pension scheme investment in more illiquid assets – including infrastructure.