What charities can do to address DB affordabilityPrint publication
First published by Pensions expert on 1 November 2017, copyright FT.
Many charities, both large and small, have DB pension liabilities. While larger charities tend to sponsor their own DB schemes, smaller charities often participate in multi-employer, non-segregated DB schemes.
Where possible, charities have taken the obvious steps to address their defined benefit pension fund issues, such as closing their schemes to future accrual.
However, even where this has been done, the key challenge for any charity continues to be the need to ensure the affordability of its DB liabilities.
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