From the blog: The balance of payments for defined benefit pension schemes has shifted. With estimated active DB members numbering less than 500,000 and more than 5m members in receipt of their pension, most DB schemes have a negative cash flow.

As contribution receipts dwindle and payrolls increase, administrators, trustees and investment consultants are working more closely than ever to ensure cash management policies keep the treasury wheels turning.

Two fundamental starting points to consider are the acceptable level of deposit cash, commonly held at very low-interest rates, and how quickly access to top-ups can be obtained.

Read the full blog post