Tag: Defined Benefit
Under new set-up, a plan is over-funded, which serves as a cushion in a downturn. Any benefit cuts are only as a last resort.
RBC and Northern Trust report plans lost 7.1%, the steepest drop since 2008.
The Pensions Regulator publishes consultation on British defined benefit investing regulations.
But market volatility caused by the coronavirus threatens to erase some of the gains.
The total deficit for the plans is nearly halved as the funded ratio climbs to 98%.
Deficit for UK defined benefit plans fell to £71.1 billion.
As defined benefit plans shrink, supplemental plans are growing – but full participation may be hard to achieve without automatic enrollment.