A better future for DB

What’s next for DB?

In light of all-time high deficits and high profile cases hitting the headlines this year, this is a question many trustees and sponsors are asking themselves. And they’re not alone. Against the backdrop of the Work and Pensions Select Committee’s inquiry into the sustainability of DB pensions, earlier this month we gathered an expert panel to debate the future of DB.

We were delighted to have Andrew Warwick-Thompson, Executive Director at the Pensions Regulator as our keynote speaker, offering a regulatory perspective on the future of DB. Andrew was joined by Alan Pickering (BESTrustees), John Chilman (FirstGroup) and our very own Patrick Bloomfield to debate, from all perspectives, how to ensure the future of DB isn’t left down to chance. You can read their expert views in a series of Blogs.

Our view on a better future for DB

Despite the challenging economic outlook, the majority of schemes will be able to pay members’ pensions in full. But we believe the status quo is leaving too much down to chance. There is a much better approach. One that maintains affordability for sponsors, reduces cash uncertainty and significantly improves the security of members’ benefits. Read our research in full to see how the security of DB pensions can be measurably improved, by adopting new strategies which flow from taking a fully integrated 3D approach to risk management.