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Is consolidation the future for defined benefit pensions?

Is consolidation the future for defined benefit pensions?

Private sector defined benefit pension schemes continue to present challenges for employers because of their high costs and the demands they place on management time.

But employers are increasingly taking advantage of industry and regulatory changes to embark on the process of "DB consolidation". This is where administrative, actuarial, investment and other services are pooled to create economies of scale, reduce risk, save on costs and increase benefit security. Consolidation has advantages for scheme sponsors (employers), scheme trustees and scheme members (employees). 

There are different levels of consolidation to choose from. They range from simply appointing an independent professional trustee to replace the scheme’s in-house or member-nominated trustees, to the most radical where the employer offloads its liabilities entirely by selling the scheme to an insurer.

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This FT briefing, in partnership with abrdn, is targeted at chief financial officers, finance directors and HR directors in private sector companies with DB pension schemes. Pensions experts from a variety of firms – including investment managers, consultants and lawyers – will outline the advantages of DB consolidation and the options available to employers.


Justin Grainger, managing director of defined benefit solutions at Standard Life

Mark Foster, global head of pension solutions at Abrdn

Simon True, chief executive of Clara Pensions

Louisa Knox, partner at Shepperd & Wedderburn


Wednesday, November 23, 2022 at 12.45pm

This event will be held in-person at FT Headquarters in Bracken House, 1 Friday Street, London, EC4M 9BT

To find out more and to apply for an in-person pass, click HERE.