Defined benefit (DB) scheme trustees have reported a 34% average increase in running costs over the past year driven by costs related to legal services and administration, TPT has found.
Policymakers should build on the strengths of the Local Government Pension Scheme (LGPS), rather than pursue a redesign, Pensions UK urges.
The majority (74%) of defined benefit (DB) schemes were in surplus on a technical provisions basis – a higher proportion than for any previous year since the start of the funding regime, while ...
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