Pensions - Articles - KGC release their eighth Actuarial Survey

 De-risking continues to feature highly as a top priority for schemes. What is interesting this year, is how schemes choose to de-risk. Are they focusing on reducing liabilities or concentrating on investment strategy – either to match those liabilities, or to grow the scheme assets?

 The difference between the two years’ results are surprising. Although our other research has found some schemes have yet to move beyond talking about liability management exercises. Is a trick being missed here? Or given other issues such as GMP rectification, reviewing GDPR and the increase in Defined Benefit to Defined Contribution transfers – is it consigned to the too hard box?

 Hayley Mudge, Survey Author comments: ‘Rarely have we seen such a big swing in our survey responses. Given the anonymity of the participants, the opinion pieces and responses to the industry view questions are perhaps, the most telling part of the survey’s outcomes. The resource and costs involved in carrying out liability management exercises may be too much at a time when one respondent suggested pensions were facing the perfect storm of events’.

 The 8th KGC Actuarial Survey report is now available. It contains information pertaining to the value schemes are gaining from their actuarial consulting firms through analysis of what they deliver for the fees they charge.

 To order your free copy please feel contact Hayley Mudge at hayley.mudge@kgcassociates.com