Will PLSA’s DB consultation bolster embattled industry?

From the blog: The Pensions and Lifetime Savings Association has called for evidence to support its Defined Benefit Taskforce, as record-low gilt yields pile yet more pressure on the industry.

The taskforce, which was launched in March this year, has said it believes solutions to the challenges facing DB may lie in efficiency savings, a greater understanding of employers’ capital allocations, and addressing “binary legislative outcomes” when deciding whether a fund will enter the Pension Protection Fund.

While these are perfectly valid issues to address, naysayers might be tempted to argue that the scale of DB challenges far outreaches the scope of these criteria.

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