Actions and Detail Panel
Report launch: "The End of the Beginning? Private defined benefit pensions...
Wed 18 January 2017, 09:00 – 11:30 GMT
We are delighted to invite you to a panel debate to mark the launch of ‘The End of the Beginning? Private defined benefit pensions and the new normal’, a new report sponsored by Ince & Co.
Wednesday, 18th January 2017
09:00 (for 09:30 with a light breakfast served) – 11:30
Committee Room G
House of Lords
With private sector defined benefit (DB) pension scheme liabilities rising faster than assets, firms may be tempted to divert resources away from supporting the wages of current staff or making productivity enhancing investments in order to plug the pension deficit. But the alternative of capping pension scheme pay-outs could leave those in retirement caught short.
This dilemma sits at the heart of the challenge facing policymakers, regulatory officials, pension fund trustees, scheme members and wider society, particularly in light of the collapse of BHS and concerns over the future of Tata steel. In this context, ‘The End of the Beginning? Private defined benefit pensions and the new normal’ explores the scale of the DB pensions’ crisis, outlines what its implications have been for firms and employees and examines the prospects going forward.
The report concludes by offering some thoughts on solutions, and to mark its launch a panel of pensions policy experts will respond to the report and discuss the challenge posed by DB liabilities.
We look forward to seeing you on Wednesday, 18th January.