Maximising value in Defined Benefit pensions
Our analysis shows there's potential to create £275bn of additional value across UK DB, slashing the collective shortfall by more than half
Value for money is an established concept in DC pensions, and is now gaining momentum in the DB landscape. Recently, the Regulator issued a statement encouraging DB schemes to assess value for money, and the forthcoming DB Chair's Statement is likely to require schemes to demonstrate how they are achieving this.
Value is often associated with reducing running costs, but we must look broader than this. Our analysis shows that by looking across 3 pillars of value creation, there’s potential to create £275bn of additional value across UK DB, slashing the collective shortfall by more than half.
The 3 pillars we look at are:
1. Reviewing your long term objective
2. Adopting a more efficient strategy
3. Achieving operational effectiveness
Download our report
Our report can help you maximise value for your defined benefit pension scheme and help secure better futures for your scheme and your members.
Watch our short animation
Our short video shares the three pillars of value creation for your defined benefit scheme as well as some tips on how to maximise value.
Further Reading
DB consolidation – newly emerging end-game solutions
In this blog post, Alistair Russell-Smith takes a look at how emerging commercial consolidators (such as Clara Pensions and The Pension SuperFund) work and takes a look at the potential benefits of transferring to a consolidator.
The drive to maximise value in DB: why now?
In this blog post, Susan McIlvogue outlines why there has been a recent drive for DB pension schemes to maximise value for money and where the opportunities are to create value.
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