The government will open the Pension Protection Fund (PPF) as an investment vehicle for smaller defined benefit (DB) schemes, chancellor Jeremy Hunt has confirmed.
The easing back of interest rates and rises in inflation mean 2023 should herald a “new era” for defined benefit (DB) schemes, according to Hymans Robertson.
The pensions industry has argued the 0.75% rise in interest rates from the Bank of England (BoE) should “not be too much cause for concern” for schemes but fears of further increases loom.
The workplace pensions industry has argued the 0.75% rise in interest rates from the Bank of England (BoE) yesterday (3 November) should “not be too much cause for concern” for schemes but fears of further increases loom.
The pensions industry has argued the 0.75% rise in interest rates from the Bank of England (BoE) should “not be too much cause for concern” for schemes but fears of further increases loom.