The actuarial valuation is due next year, but what challenges should defined benefit (DB) pension schemes expect to face in the current low-yield environment, particularly in the context of the USS?
While The Pensions Regulator (and newspaper headlines) remains focussed on the increase in deficits, the cost of future accrual is often the biggest issue for schemes where members can still earn benefits.
During this webinar our experts, Paul Hamilton (Partner and Head of Higher Education) and Matt Tickle (Partner, Investment Consulting) will explore:
•the impact of market movements since the EU referendum on the funding level of the USS, and what this could mean for the 2017 valuation;
•the pros and cons of expressing deficit contributions as a five of salaries (as is the current approach in the USS);
•how market conditions make the situation difficult for DB schemes that are open for benefit accrual; and
•the options available for pension schemes in this extremely low-yield environment.