PLSA forms Defined Benefit Taskforce

22 March 2016

The Pensions and Lifetime Savings Association (PLSA) has launched a Taskforce to tackle the problems faced by Defined Benefit (DB) pension schemes.

The Taskforce is made up of a group of industry experts and academics who are seeking views and evidence from schemes of all sizes, as well as sponsors, regulators, government and intermediaries to allow them to get to the heart of the issues affecting defined benefit (DB) schemes.

The Taskforce intends to report its initial findings in the summer and then at the PLSA Annual Conference in October 2016 to announce recommendations to Government to help ensure DB pensions are sustainable for the long term.

Joanne Segars, Chief Executive, Pensions and Lifetime Savings Association, said:

“The difficulties facing defined benefit schemes are much talked about and they often seem too complex or enormous to address – but those problems aren’t going away any time soon. The issue cannot be ignored because there are around 16 million1 people in DB schemes and the health of those schemes can also have a material effect on employers, government and the wider economy.”

Read more from the full press release.