From the blog: April 2017 saw the 20th anniversary of the introduction of scheme actuaries. I don't expect there were many parties in celebration, but it made me think about how scheme actuaries, and defined benefit pensions, have changed over 20 years and what might happen next.
In 1997, 86 per cent of respondents ran a DB scheme.
By 2017, over half of respondents had frozen their DB schemes – underlining how the role of scheme actuaries (and trustees) is shifting towards schemes in run-off.