Once the cornerstone of retirement, most DB schemes are now closed - yet they still hold over £1.4 trillion in assets and remain vital for millions of members and the wider economy.
And with new rules on surplus set to take effect from 2027, schemes and sponsors face fresh choices about whether to buy out or keep running on.
In this special live edition of Pensions Unpacked, Ian Mills, Head of DB Endgame Strategy at Barnett Waddingham, and Morten Nilsson, CEO at Brightwell, talk to Georgie Frost about the state of the UK’s defined benefit pensions.
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