30 May 2018
The Running Off Mature Schemes Working Party has now published its paper. It covers the many issues faced by mature defined benefit pension schemes and how they might tackle them. It also sets out a framework for managing their run-off as they move through the various stages of maturity. Many 1000's of UK schemes are either already mature or will be in the near term - how they are run off will impact the security of their members' benefits and the funding of those schemes by sponsor employers. It is key reading for those involved in advising upon or managing mature schemes