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While many defined benefit schemes are now closed to new and existing members, there are still a sizeable number that remain open in some form and shouldn’t be overlooked.
Indeed, according to the Pension Protection Fund’s Purple Book 2020, some 11% of DB schemes remain open to new members and a further 41% remain open to future accrual – an open scheme total of over 2,700 schemes.
This webinar will help trustees and pension managers look at the challenges facing open DB schemes, specifically looking at the issues they could face as a result of The Pension Regulator’s new Funding Code of Practice and asking how this could affect the affordability of benefits, future service contributions, investment strategy and benefit design.