DEFINED BENEFIT

DB IN FOCUS

Defined benefit (DB) pensions schemes, and the 7.3 million people who are actively saving with them, are facing unprecedented challenges. Increased longevity, difficult market conditions and a tough regulatory environment are all contributing factors.

In response to these challenges, many DB schemes have closed over the last decade. The Pensions and Lifetime Savings Association argue that DB provision needs to be supported to prevent decline from posing a threat to the security of members’ pension provision and the role that DB pension schemes play in UK investment.

The Pensions and Lifetime Savings Association also has many local government members, which include over 70% of the 101 funds that make up the Local Government Pension Scheme.

 

DB ROADSHOW

We are seeking views from our fund members in order to submit a response to the DWP's Defined Benefit Green Paper consultation which closes on 14th May 2017.  We will be holding three roadshow events in Leeds, Edinburgh and London, so that you can have your say on our response to the Green Paper.

If you would like to attend please register for a roadshow at the venue most convenient for you by selecting one of the links below:

  • Leeds - Wednesday, 12th April at Squire Patton Boggs, 6 Wellington Place, Leeds, LS1 4AP from 16:00 to 18:00 – to register click here.
  • Edinburgh - Tuesday, 18th April at Shepherd and Wedderburn, 1 Exchange Crescent, Conference Square, Edinburgh, EH3 8UL from 16:00 to 18:00 - to register click here
  • London - Thursday, 27th April at PLSA Offices, Cheapside House, 138 Cheapside, London, EC2V 6AE from 16:00 to 18:00  – to register click here.

Registration for all three events will start at 15:30 and light refreshments will be provided on arrival.

If you are unable to attend any of the above events and would like to contribute your view, please submit your comments to dwpgreenpaper@plsa.co.uk  by 1 May 2017.