Strength of sponsor support for DB schemes increases
18 Jun 2018
On 8 June, PricewaterhouseCooper’s (PwC) published their annual report which shows the ability of sponsoring employers to support defined benefit (DB) pension schemes.
The PwC report is based on the findings from their Pensions Support Index that determines an overall rating out of 100 after tracking the relationship between the size of DB pension scheme commitments and the financial strength of the FTSE 350 companies. For 2017, the Pensions Support Index produced a score of 87 which is an increase from the 2016 score of 80.
The report however recommended that all sponsors and pension scheme trustees should have a plan to tackle the implications of Brexit, which may create further economic uncertainty along with increased regulation.