Schroders has committed to running-on its defined benefit (DB) pension scheme – leveraging a portion of the surplus to partially fund its defined contribution (DC) commitments.
The transaction secures the benefits of 69 deferred members and 152 pensioners. First Actuarial led on the transaction – which was completed in "a matter of weeks" – while Osborne Clarke ...
The latest of the Society of Pension Professionals’ regular columns looks at the debates raised by the government's recently closed consultation on the future of DC.