Impact of pension schemes on UK business - 2014

For many years we have read about the ever increasing pain that defined benefit (DB) pension schemes have piled onto employers, be it additional funding requirements or unwelcome volatility on the balance sheet.

However, Barnett Waddingham’s 4th annual report on the FTSE350 shows more positive signs than previous editions and the past year seems to have been a good one.

With unprecedented changes to occupational pensions in the UK and with further revolutionary changes in the regulatory pipeline there may be further opportunities for firms to tackle their DB liabilities and ensure their current pension arrangements are set to deliver what they need from them.