With all the vigour (and, for some, forced jollity) of a post-wedding conga line, we are now heading for the door marked Brexit.
So, what strategic issues will affect UK defined benefit pensions and what, if anything, can be done to recognise them?
Most schemes will know where they stand at present. And for most, this will be significantly short of a full buy-out position and, probably, short on a scheme-specific funding position (or technical provisions basis). Brexit won’t change any of this in the short term. Life should just carry on as now.
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With the snap general election upon us, we take a short guided tour of the recently published manifestos to see what pledges relating to pensions have been made. Click here for our quarterly pensions bulletin.